Asahi India Glass receives Rs 50cr for rights issue

Asahi India Glass Ltd has informed BSE that Company has received an amount aggregating to Rs. 50 crores from Asahi Glass Co. Ltd., Japan ("AGCL") (one of the promoters of the Company) as advance share application money towards its entitlement under the proposed rights issue of the Company. The said advance money is free of any interest and any amount which shall be in excess or shortage towards the actual entitlement of AGCL shall be adjusted or refunded from the final offer of the proposed rights issue, after meeting any shortfall towards any undersubscribed portion.Further the Company has inform that the Board of Directors of the Company by way resolution by circulation dated March 28, 2013 has also approved the shifting of Registered Office of the Company from 38, Okhla Industrial Area, Phase - III, New Delhi - 110020 to Unit No. 203 to 208, Tribhuwan Complex, Ishwar Nagar, Mathura Road, New Delhi - 110065 with effect from April 01, 2013.Source : BSE