The Hindu Business Line : Four Soft hikes capital

HYDERABAD:Four Soft Ltd has informed the National Stock Exchange that the shareholders at their annual general meeting (AGM) held on August 27, has approved increase in the authorised capital to Rs 35 crore.

The shareholders further authorised the issue of 3,949,447 equity shares on a preferential basis to India Growth Fund (IGF), a unit scheme of Kotak SEAF India Fund, 1,46,524 equity shares to GMKH Automation B.V. and 2,16,884 equity shares to Skyvest International Ltd. at Rs 63.30 per share (Rs 5 paid-up and Rs 58.30 premium).

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