Paradyne Infotech uses Rs.889.56 Lakhs raised in IPO

Paradyne Infotech Ltd has announced that out of the issue proceeds of the Initial Public Offer by the Company, funds to the extent of Rs 889.56 Lakhs were utilized as on September 30, 2006, for the purposes as stated in the Prospectus, including upgradation of products & infrastructure, investment in Subsidiary Company, data center and support center and public issue expenses.

Source : Equity Bulls

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