India’s Sunrise Asian board to consider up to Rs. 130 million of debt

By Tali Rackner

Norfolk, Va., Jan. 21 – Sunrise Asian Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Thursday to consider and approve an investment of up to Rs. 130 million.

The issue will be in the form of debt and/or equity securities including advancing of loan and issuing guarantees in various companies.

The board will also consider the appointment of a compliance officer and company secretary, an independent director and moving the company’s registered office elsewhere within the city it is currently in.

Sunrise Asian is a Mumbai, India-based company that trades in textiles and shares.

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