Others

Outcome of Board Meeting

| Updated on January 27, 2011 Published on January 08, 2011

Kpit Cummins Infosystems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 08, 2011, have approved the following major proposals:

1. Issue of 7,758,621 equity shares of Rs. 2/- each of the Company on preferential basis, to Warhol Limited, Mauritius, (an affiliate of Chrys Capital V LLC, Mauritius) at a price not lower than Rs. 145/- per equity share for an aggregate consideration of Rs. 1,125,000,045/-, subject to the approval of shareholders of the Company and other regulatory approvals, if required.

2. Convening an Extra-ordinary General Meeting of the Company on February 04, 2011.

Source : BSE - >www.bseindia.com

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 08, 2011
This article is closed for comments.
Please Email the Editor