The board of KBS Capital Management has approved the offering and issue of QIPs / FCCBs / GDRs / ADRs or other permissible instruments upto US$ 15 million, subject to the approval of the shareholders.
The board has approved the increase of authorized share capital from Rs 7 crore to Rs 17 crore, subject to the approval of the shareholders.
This was approved at the board meeting held on 30 October 2009.