Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stake Sale

| More

Info Drive EGM approves raising of US$ 100 Million

Posted On: 2008-03-09 00:24:03

Info Drive Software Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 06, 2008, inter alia, have transacted to increase the Authorized Share Capital from 3,00,00,000 Equity Shares of Rs 10/- each aggregating to Rs 30,00,00,000/- (Rupees Thirty Crores only) to 6,00,00,000 Equity Shares of Rs 10/- each aggregating to Rs 60,00,00,000/- (Rupees Sixty Crores only) by amending the Authorized Share Capital Clause in the Memorandum and Articles of Association.

To alter the Articles of Association by substituting the new Article 3 in place of the existing Article 3 in relation to the increase in the Authorized Share Capital from 3,00,00,000 to 6,00,00,000 Equity Shares.

To raise upto USD 100 Million in one or more tranches by issuing Equity Shares / Convertible Debentures / Convertible Warrants / Convertible Securities / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Institutional Allotment or by way of private Placement in Indian Currency or Foreign Currency or by way of ESOP to raise this capital as per Resolution No. 3 of the Notice of Extra-Ordinary Genera1 circulated to Members.

To take note of the ratification of the re-designation of Mr. K Shivakumar as Joint Managing Director with effect from September 28, 2007 for a period of two years from September 28, 2007 to September 27, 2009 on a remuneration terms & conditions.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

L&T approves allotment of 11,900 equity shares to FCCB Holders

Aspira Pathlab & Diagnostics Ltd board approves preferential issue at Rs. 26

Electrosteel Castings Ltd approves preferential issue of 2,74,72,526 Equity Shares

Indian Overseas Bank - Increase of Authorised Capital

Bandhan Bank Limited allots 9138 shares

YES Bank allots 1,53,250 shares

Edelweiss Financial Services Ltd allots 2,06,075 Equity Shares

ITC Ltd allots 57,81,600 shares

ICICI Bank allots 75,556 shares

Prithvi Exchange India Ltd allots 27,49,883 shares

Hinduja Global Solutions Ltd allots 798 shares

Kotak Mahindra Bank Ltd allots 26,423 shares

Bodal Chemicals Ltd allots 1.5 crore warrants at Rs. 115

Rubfila International Ltd allots 45 lakh share warrants

ICICI Bank allots 40,972 shares

CreditAccess Grameen Ltd allots 14,505 shares

Kotak Mahindra Bank Ltd allots 1,16,680 equity shares

ICICI Lombard General Insurance Company allots 6000 shares

AXIS Bank allots 15,050 shares

TCI Express Ltd allots 44,775 shares

Vardhman Special Steels Ltd allots 2500 shares

JSPL allots 20,53,995 shares

Grasim Industries Limited allots 8779 shares

Sankhya Infotech Ltd allots 14,51,852 Equity shares

L&T Technology Services Ltd allots 600 shares

Tejas Networks Ltd allots 23,969 shares

ICICI Bank allots 142,155 shares

Future Consumer Ltd allots 2 lakh shares on July 4, 2019

ITC allots 89,51,380 shares

Ujjivan Financial Services Ltd allots 19404 shares

Reliance Industries Ltd allots 38540 shares

Kirloskar Ferrous Industries Ltd allots 8000 shares

UltraTech Cement Ltd allots 329 shares

Vardhman Textiles Ltd allots 5600 shares

Gruh Finance Ltd allots 2,06,266 equity shares

AXIS Bank allots 75877 shares

AU Small Finance Bank Ltd allots 13010 shares

Indiabulls Real Estate Ltd allots 23,06,212 shares

ICICI Bank allots 434847 shares

Kotak Mahindra Bank Ltd allots 216238 shares

Federal Bank Ltd allots 139962 shares

Confidence Petroleum India Ltd allots 15,00,001 warrants

Dr Reddys Laboratories Ltd allots 7086 shares

Vikram Thermo India Ltd allots 689000 shares at Rs. 80 to promoters

Bandhan Bank Ltd allots 4366 shares

Future Lifestyle Fashions Ltd allots 135974 shares

YES Bank allots 1,258,275 shares

Mphasis Ltd allots 19000 shares

Oracle Financial Services Software Ltd allots 9059 shares

Confidence Petroleum India Ltd allots 10,96,153 warrants

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019