Kpit Cummins Infosystems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 17, 2011, inter alia, have approved the following:
1. Allotment of 7,758,621 equity shares of Rs. 2/- each of the Company on preferential basis, to Warhol Ltd., Mauritius.
2. Investment of an amount upto Rs. 5 crores, in a phased manner, in the Company's wholly owned subsidiary in China.
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Thursday, February 17, 2011
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