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Dec 04, 2009 Edserv Softsystems - Outcome of Board Meeting

Edserv Softsystems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 04, 2009, inter alia, has decided and approved the following:

  • The allotment of 2,27,273 convertible warrants to Mr. S. Giridharan and Mrs. G. Gita.
  • The proposal to raise funds upto USD 500 Mn through International Capital Markets including the issue of ADR/GDR/FCCB and decided to hold the Extra Ordinary General Meeting on January 11, 2010 to seek the general permission of the shareholders for the above issues.
(C) 2009 EdServ Softsystems Limited, Chennai, India.