This Article is From Oct 29, 2011

Systematix Corporate Services Ltd - Outcome of Board Meeting

Systematix Corporate Services Ltd - Outcome of Board Meeting

caption test

Highlights

  • The board at its meeting held on October 29, 2011 has approved for the same
Mumbai:

Systematix Corporate Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 24, 2011, inter alia, has decided and approved the following:  1. To approve share purchase agreement to be entered with shareholders of Systematix Shares & Stocks (I) Ltd. ("SSSIL") for acquisition 29,89,700 nos. of Equity Shares of SSSIL.  2. To allot 4,43,758 nos. of Equity Shares of the face value of Rs. 10/- (Rupees Ten only) at premium of Rs. 240/- (Rupees Two forty) each and 3,03,667 nos. of Optionally Fully Convertible Debentures of the face value of Rs. 250 (Two Hundred and Fifty only) by way of preferential allotment as a consideration against such acquisition of shares of SSSIL.

.