Lycos Internet has received an approval for raising of funds by way of issue of securities including, but not limited to Equity Shares and/or any other securities convertible into Equity Shares, through a Preferential Issue / Rights Issue or through any other permissible mode or any combination thereof as may be permissible under applicable laws, subject to approval of the members of the company, to the extent required and other appropriate approvals, for an aggregate amount up to Rs 60 crore.
The Board of Directors of the company in their meeting held on July 31, 2018, approved the same.
