8K Miles Software Services Ltd approves warrants issue to strategic investors

The Board of Directors of 8K Miles Software Services Ltd at its meeting held on September 29, 2014, has approved the proposal to issue Convertible Warrants to the promoters and other strategic investors on preferential basis in terms of the SEBI (ICDR) Regulations, 2011 and subject to the approval of the members of the Company.

The Board will convene Extra Ordinary General Meeting of the members of the Company on October 28, 2014.

Shares of 8K MILES SOFTWARE SERVICES LTD. was last trading in BSE at Rs.542.6 as compared to the previous close of Rs. 516.8. The total number of shares traded during the day was 363 in over 23 trades.

The stock hit an intraday high of Rs. 542.6 and intraday low of 542.6. The net turnover during the day was Rs. 196963.

Source : Equity Bulls

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