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Wednesday August 26, 08:40 AM Reuters

Pyramid Saimira board OKs raising up to $100 mln

MUMBAI (Reuters) - Pyramid Saimira Theatre Ltd said on Tuesday its board approved raising funds up to $100 million through issue of global depositary receipts, American depositary receipts or foreign currency convertible bonds.

The board also approved de-merging its distribution and production wing from the parent company, Pyramid Saimira said in a notice to the Bombay Stock Exchange (^BSESN : 16030.08 -12.1).

(For more news on Reuters Money click http://in.reuters.com/money)

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