OnMobile Global Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2010, inter alia, have given an in-principle approval to raise upto Rs. 1000 crores by way of further issue of securities / debt instruments in domestic or international markets through any one or more of the various instruments including equity shares, depository receipts (GDRs /ADRs), foreign currency convertible bonds (FCCB) convertible into Equity shares or depository receipts (GDRs / ADRs), debentures, with or without warrants, whether partly or fully convertible, into equity shares at the option of the Company or the holder of such securities, hereinafter all collectively referred to as "Securities", through a public issue or on a private placement basis including allotment to qualified institutional buyers by way of Qualified Institutions Placement in terms of the Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2009 as in force, or in accordance with regulations applicable for Foreign Currency Convertible Bonds (FCCBs) or American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) or any other Securities as defined above, over a period of time, subject to the final proposal being approved by the Board of Directors and the Shareholders of the Company.