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Monday, May 13, 2002

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Corporate - Preferential Allotments

Maars Software plans pref issue

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CHENNAI: The city-based Maars Software International Ltd plans to issue equity shares on private/preferential allotment basis, ADR/GDR and increase the authorised capital of the company.

The board of directors of Maars Sofware will meet on May 17 to consider the above issues, says a company communication to the Bombay Stock Exchange. It may be recalled that in December the company's Managing Director, Mr T Varadharajan, informed Business Line of a plan to strengthen the company's presence in Europe and the US.

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