Sparsh BPO Services Ltd has announced that the Board of Directors of the Company at its Meeting held on July 21, 2009, inter alia, decided, subject to necessary shareholder and regulatory approvals as may be applicable, to issue and allot Non Convertible Redeemable Preference Shares upto an aggregate nominal value of Rs 100 crores (Rupees Hundred Crores only) to the shareholder of the Company, Intelenet Global Services Pvt Ltd. The exact terms and conditions of the preference shares shall be decided by a Committee of the Board of Directors.
Accordingly, the Board has also proposed to increase the authorized share capital of the Company and consequential alteration of the Memorandum and Articles of Association of the Company.
The stock was trading at Rs.33.60, down by Rs.0.40 or 1.18%. The stock hit an intraday high of Rs.33.80 and low of Rs.33.60.
The total traded quantity was 800 compared to 2 week average of 938.
|
Union Budget