The board of FCS Software Solutions in its meeting on 30 April 2010 has decided to increase the authorised share capital of the company from Rs. 60 crore to Rs. 125 crore.
The board has approved raising of additional fund by way of issue of FCCB / ADR / GDR / QIP or through any other mode of securities to the extent of $ 60 million.
Further, the board has approved to issue 15 crore share warrants convertible into equity shares on preferential basis.
Source:http://www.bloombergutv.com/stock-market/stocks/commentary/390672/fcs-software-solutions-to-increase-authorised-share-capital.html
