Innovation Software Exports to consider merger of Biotech Company

A meeting of the Board of Directors of Innovation Software Exports Ltd will be held on October 11, 2013, to discuss the matter of amalgamation/merger of a Biotech Company with Innovation Software Exports Limited.

The Board will consider proposal to appoint Professional Consultants and Investment Bankers in matters relating to valuation and determination of share exchange ratio.

Shares of Innovation Software Exports Ltd was last trading in BSE at Rs.3.20, up by Rs.0.15 or 4.92%. The stock hit an intraday high of Rs.3.20 and low of Rs.3.20.

The total traded quantity was 1515 as compared to 2 week average of 2172.

Source : Equity Bulls

Keywords