Ybrant Digital has informed that a meeting of the board of directors of the company will be held on July 27, 2012, to consider and approve the proposal for issue of optionally Convertible Loan Instruments (OCL) with option to convert such loan either fully or partly into equity shares of the company at a price as per SEBI (ICDR) Guidelines, 2011 to persons other than promoters.
Further, the board will consider the preferential issue of CCPS/Equity shares to persons other than promoters at a price as per SEBI (ICDR) Guidelines, 2011 and the convening the extra-ordinary general meeting (EGM) to seek member's approval for the above proposal.
The above information is a part of company's filings submitted to BSE.
