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Sunday, February 13, 2011

Tricom India Ltd: Outcome of Board Meeting

Tricom India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2011, inter alia, has considered and approved the following:

- Allotment of 12,50,000 Equity Shares of Rs. 2/- each fully paid-up, at a premium of Rs. 18/- each, on preferential basis for acquisition of the entire shareholding of Mastiff Tech Private Limited & Mastiff Internet Media Solutions Private Limited (now called as Tricom IT Services Pvt. Ltd.).

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