Ludhiana-based GS Auto International Ltd plans to raise up to Rs 50 crore for its expansion plan, including setting up a new manufacturing unit. The company is looking at various modes like Foreign Currency Convertible Bonds (FCCBs), American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and or other convertible securities or through QIPs, subject to the approval of the shareholders. GS Auto International Limited designs and manufactures automotive components in India. Recently, the company fixed 27 August 2008 as the record date for the purpose of sub-division / stock split of the equity shares of the company, from the face value of Rs 10 per share, into 2 equity shares of the face value of Rs 5 each.