Saksoft to expand capital base

Saksoft Ltd has announced that the Board of Directors of the Company has approved an increase in the authorized capital to Rs 20 crores. The board has also approved the preferential allotment of equity shares to TransUnion Interactive Inc, USA as well as issue of equity shares on a private placement basis to QIBs, together aggregating to 20 lakh shares subject to necessary approval of shareholders.

The Company will be using the funds raised to augment its long term working capital requirement as well as repay debt taken for funding its recent acquisition.

About TransUnion Group
TransUnion LLC, USA, is a global leader in credit and information management providing support to over 500 million customers Worldwide to manage their risks and customer relationships.

TransUnion Interactive is a part of TransUnion LLC and provides strategic marketing services and credit management solutions across the customer lifecycle. Through its award-winning Web site, TrueCredit.com, TransUnion interactive makes credit management easier and more personal for consumers.

The Company's board has also approved a dividend of 20% for the year ended March 31, 2007 up from 15% paid for the previous year.

Source : Equity Bulls

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