Jan 11, 2010 EdServ Softsystems - Outcome of EGM
Edserv Softsystems Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 11, 2010, have unanimously approved the following businesses:
- The Issue of ADR / GDR / FCCB not exceeding a sum of USD 500 million.
- The Power of the Company to Mortgage / Hypothecate the assets of the Company whether movable or immovable up to a sum not exceeding Rs. 2000 crores.
- The Power of the Company to borrow, from various avenues, monies not exceeding a sum of Rs. 2000 crores.