Asian CERC increases share capital, to issue shares to Fortis Financial Services

Asian CERC Information Technology Ltd has announced that the members at the 12th Annual General Meeting (AGM) of the Company held on September 15, 2006, inter alia, have approved the increase in Authorised share capital from Rs 6 Crores to Rs 7.5 Crores.

Authroised the Board of Directors to issue and allot 26,28,000 Equity shares of Rs 5/- each at a price of Rs 53.25 per share to Fortis Financial Services Ltd on preferential basis as per SEBI guidelines.

Source : Equity Bulls

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