IQMS Software to give 12.38% stake to Firstcall India Equity Advisors

IQMS Software Ltd has announced that the Company has successfully completed preferential issue of 800,00,000 equity shares and applied for the pre-approval of exchange for the allotment of shares. M/s. Firstcall India Equity Advisors Pvt Ltd is picking up 12.38% post preferential stake in the Company.

The Company's Management Committee has unveiled the forward business plan for the Company, which mainly comprises of the following:

1) information Technology Infrastructure Out Tasking.

2) Strategic Marketing Alliances with Asia Pacific based Companies for ERP / Supply Chain Management Solutions.

3) Look for in-organic growth with strategic overseas business fitments.

The Company has strengthened and broad based its board with independent highly qualified professionals with industry back ground.

Commenting on the latest developments happening in the Country, the Director of the Company Mr. J S S Narayana stated that, "with the active strategic equity participation of reputed investment bankers M/s. Firstcall India Equity Advisors Pvt Ltd, Mumbai, our Company is privileged and poised for a turnaround.

With the current order book of USD 1.5 M for the quarter ended September, the Company is expected to show a performance growth and going forward the Company's main focus is to improve and sustain the growth rates.

Source : Equity Bulls

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