The committee of Bombay Rayon Fashions have decided to open issue of upto 1,90,00,000 Global Depository Receipts (GDRs) representing equivalent underlying equity shares, par value of Rs. 10 each at an offer price of not less than Rs. 230 (converted into equivalent US $) each, pursuant to the Reserve Bank of India (RBI) automatic route contained in the RBI notification number FERA 214/2000 - RB, dated January 20, 2000.
This was decided at the committee meeting held on 03 November 2009.