Genesys International fixes Record Date for scheme of Arrangement

Genesys International Corporation Ltd has announced that October 19, 2007, has been fixed as the Record Date for the purpose of reckoning names of the Equity Shareholders / Warrantholders of the Company, who shall be entitled to receive the Equity Shares / Warrants of M/s. GI Engineering Solutions Ltd (GIESL), Resulting Company in consideration of demerger and transfer of the information technology and engineering business division of Genesys International Corporation Ltd (GICL), Demerged Company as per the share entitlement ratio provided in the Scheme of Arrangement.

- 1 Equity Share of Rs 10/- each of GIESL for every 2 Equity Shares of Rs 10/- each of GICL.

The stock was trading at Rs.40.20, up by Rs.1.40 or 3.61%. The stock hit an intraday high of Rs.40.70 and low of Rs.39.55.

The total traded quantity was 16777 compared to 2 week average of 24723.

Source : Equity Bulls

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