Kpit Cummins Infosystems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 08, 2011, have approved the following major proposals:
1. Issue of 7,758,621 equity shares of Rs. 2/- each of the Company on preferential basis, to Warhol Limited, Mauritius, (an affiliate of Chrys Capital V LLC, Mauritius) at a price not lower than Rs. 145/- per equity share for an aggregate consideration of Rs. 1,125,000,045/-, subject to the approval of shareholders of the Company and other regulatory approvals, if required.
2. Convening an Extra-ordinary General Meeting of the Company on February 04, 2011.
Sensex
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Sunday, January 09, 2011
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