The Hindu Business Line : Mindteck’s pvt equity placement

Mindteck India Ltd plans to raise up to $10 million through private placement of equity. The board of directors of Mindteck approved the convening of annual general meeting to seek shareholders’ approval for the issue of new equity shares to certain financial investors on a private placement basis. The board also approved the injection of equity capital equivalent to $5 million in its wholly owned subsidiary Mindteck BPO services Ltd to enable the outfit to acquire the entire share capital of Mindteck UK Ltd, Mindteck Singapore Pte Ltd, Chendle Holdings Ltd and ICI Tech Holdings Inc. —

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