Ushdev International - Outcome of Board Meeting
Ushdev International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 23, 2008, inter alia, has transacted the following:
1. Called off the Rights Issue.
2. Proposed to raise equity capital upto Rs 115 crores by preferential placement.
The Board is in the process of obtaining the certificates from the auditors for the pricing.
