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CHENNAI

: Maars Software International Ltd will issue convertible preference shares to Bank of India to the extent of Rs 7.72 crore at the face value of Rs 10 (convertible into equity shares at a later date) as part settlement of its dues. The company has informed the BSE that its board approved this at a meeting held on January 23.

(This article was published in the Business Line print edition dated January 25, 2006)
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