Hitachi Home & Life Solutions (India) has informed that the board of directors of the company on October 18, 2012, has approved the issue of equity shares on a rights basis to the existing shareholders of the company under Section 81 (1) and other applicable provisions of the Companies Act, 1956 up to a sum of Rs. 60 Crore by circulation pursuant to Section 289 of the Companies Act, 1956.
The above information is a part of company's filings submitted to BSE.