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Sunday, May 01, 2005

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Corporate - Preferential Allotments


Innosoft members okay pref offer

Our Bureau

HYDERABAD: The shareholders of Innosoft Technologies Ltd at the extraordinary general meeting held on Saturday have approved the issue of 11.5-lakh equity shares of Rs 10 each at a premium of Rs 15 per share to Ms Swarnalatha Bandla of the US on a preferential allotment basis.

Following this, the company has decided to hold its board meeting on May 7 to consider allotment of shares to Ms Swarnalatha, the company informed the stock exchanges.

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