CS Software Board approves allotment of shares / warrants

CS Software Enterprise Ltd has announced that the Board of Directors of the Company at its meeting held on August 12, 2007, has considered & approved the following business:

1. Allotment of 4,62,540 Equity Shares of the Company of Rs 10/- each, at a premium of Rs 45/- per share, on preferential basis, pursuant to the Shareholders approval at the Extra Ordinary General Meeting of the Company held on July 28, 2007 and the In-principal Approval Letter of Hyderabad Stock Exchange Ltd dated July 26, 2007.

2. Allotment of 4,80,000 Warrants convertible into Equity Shares of the Company of Rs 10/- each, at a premium of Rs 45/- per warrant, on preferential basis, pursuant to the Shareholders approval at the Extra Ordinary General Meeting of the Company held on July 28, 2007 and the In-principal Approval Letter of Hyderabad Stock Exchange Ltd dated July 26, 2007.

The stock closed the day at Rs.41, down by Rs.1.05 or 2.50%. The stock hit an intraday high of Rs.44 and low of Rs.40.60. The total traded quantity was 2989 compared to 2 week average of 2576.

Source : Equity Bulls

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