Zigma Software shareholders approve preferential issue

Zigma Software Ltd has now announced with reference to earlier announcement dated December 20, 2007 regarding Outcome of EGM, that the Company at the Shareholders meeting has approved the preferential allotment up to 23341200 equity shares of Rs 10/- each of the Company for cash, at a price of Rs 2/- (Rupees two only) per equity share (i.e., at a premium of Re 2/- per share). However, due to typographical error it was mentioned as allotment up to 23341200 equity shares of Rs 10/- each of the Company for cash, at a price of Rs 3/- (Rupees three only) per equity share (i.e. at a premium of Rs 3/- per share) which needs be replaced by the text reproduced as hereunder where ever appears in the proceedings:

"Preferential allotment up to 23341200 equity shares of Rs 10/- each of the Company for cash, at a price of Rs 2/- (Rupees two only) per equity share (i.e. at a premium of Rs 2/- per share)".

Source : Equity Bulls

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