Outcome of Board Meeting
BF Utilities Ltd has informed BSE that in the meeting held on December 24, 2010, the board of directors of the Company, the promoter and indirect holding Company of Nandi Economic Corridor Enterprises Limited ("NECE") has approved the proposal for, and signing of definitive agreements in relation to, foreign direct investment of a sum of Rs. 500,00,00,000 (Rupees Five Hundred Crore). The proposal entails potential issue of equity shares and compulsory...24-12-2010