JBM Auto Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 13, 2014 have considered the various fund raising options and approved the enabling resolution for the purpose of further issue of securities for an amount not exceeding Rs. 500 Crores (Rupees Five Hundred Crore only) subject to the approval of the Shareholders of the Company and all the requisite approvals as may be required from regulatory authorities and in accordance with the provisions of the applicable laws.
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