DSR Infotech Ltd ceases to be subsidiary of N2N Technologies Limited

As sanctioned by Honourable High Court of Bombay, the Board of Directors of N2N Technologies Limited have made allotment of 785129 preference shares of Rs.10/- each to the eligible shareholders of Leadsoft Softech Private Limited pursuant to the revised Scheme of Amalgamation.
The Board has approved transfer of its shareholding in DSR Infotech Limited pursuant to authority vested with the Board of Directors by members of the Company at its AGM held on December 30, 2016. On account of transfer of shares, DSR Infotech Limited ceased to be subsidiary of the Company.

Shares of N2N Technologies Limited was last trading in BSE at Rs.42.5 as compared to the previous close of Rs. 42.55. The total number of shares traded during the day was 10000 in over 3 trades.

The stock hit an intraday high of Rs. 43 and intraday low of 42.5. The net turnover during the day was Rs. 428000.

Source : Equity Bulls

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