Jai Balaji Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, have accorded in-principle approval for issue of Equity Shares / Securities convertible into Equity Shares, to eligible Qualified Institutional Buyers (QIB) through Qualified Institutional Placement (QIP) under Chapter XIIIA of the SEBI (DIP) Guidelines, 2000, for an amount not exceeding Rs 450 crores, subject to the approval of shareholders of the Company.
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