Genesys International Updates on capital reduction

Genesys International Corporation Ltd has announced that the Hon'ble High Court of Judicature at Bombay vide their Order dated March 23, 2007 has confirmed the reduction of Paid up Equity Share Capital of the Company from Rs 130,787,560/- comprising of 13,078,756 Equity Shares of Rs 10/- each to Rs 109,937,560/- comprising of 10,993,756 Equity Shares of Rs 10/- each by paying off 20,85,000 Equity Shares of Rs 10/- each at Rs 19/- per Equity Share as per the Special Resolution passed by the Shareholders of the Company at the Extra Ordinary General Meeting held on January 15, 2007.

The shares were trading at Rs.19.05 on volume of 6300 shares. The stock had hit an intraday high of Rs.19.05 and low of Rs.18.50.

Source : Equity Bulls

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