Softbpo Global Services Ltd: Board approves Rights Issue

Softbpo Global Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 03, 2011, inter alia, has considered and approved the following:

1. Offer and issue of 37,50,000 (Thirty Seven Lacs Fifty Thousand) Equity Shares of Rs 10/- each for cash at a price of Rs 55/- per share (including premium of Rs 45/- per share) to the share holders of the Company on Right basis in the ratio of 25 (Twenty Five) New Equity Shares of Rs 10/- each for every existing 1 (One) Equity Share held as on Record Date, to be determined by the Board of Directors at a later date.

2. Convening of Extra-ordinary General Meeting of the members of the Company on June 29 2011, for seeking approval to the proposed Right Issue.