Saksoft Board recommends 20% dividend

Saksoft Ltd has announced that the Board of Directors of the Company at its meeting held on June 16, 2007, inter alia, has taken the following decisions:

1. Recommended dividend of 20% (Rs 2/- per share) for the year ended March 31, 2007, subject to approval of Shareholders.

2. Considered a proposal for Preferential Allotment of 140,000 equity shares of Rs 10/- each at a premium of 223.65/- per equity share to Transunion Interactive Inc, California, subject to the approval of Shareholders and as per the provisions of SEBI guidelines.

3. Considered Qualified Institutional Placement of 1,860,000 equity shares @ Rs 10/ each, subject to the approval of Shareholders and as per the provisions of SEBI guidelines.

4. Considered increase in Authorised Capital, subject to approval of Shareholders from Rs 12,00,00,000 to Rs 20,00,00,000 by creation of 80,00,000 equity shares of Rs 10/- each.

Source : Equity Bulls

Keywords