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BRIEF-India's Marg says board approves QIP of upto 5 bln rupees

Oct 10 (Reuters) - Marg Ltd :

* Says board approved making Qualified Institutional Placement (QIP) of upto 5

billion rupees * Source text:

Marg Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 10, 2012, inter alia, has approved that subject to the approval of the Shareholders of the Company and other statutory approvals as may be required, to make Qualified Institutional Placement (QIP) of eligible securities upto Rs. 500 Crores by issue of equity shares and/or any securities convertible into Equity Shares, with or without warrants, in one or more tranches, to Qualified Institutional Buyers in accordance with Chapter VIII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable provisions, if any.

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