Date:28/08/2007 URL: http://www.thehindubusinessline.com/2007/08/28/stories/2007082851420200.htm

Back Virinchi board nod to raise $20 m

Hyderabad, Aug. 27

Virinchi Technologies Ltd has informed BSE that the Board of Directors of the company approved the issue of Foreign Currency Convertible Bonds (FCCBs) up to $20 million and the issue of preferential shares. Following a meeting held here on August 25, the company Board also approved dividend of 5 per cent.

— Our Bureau