Sanra Software to issue securities through rights, GDR, ADR, FCCB

Sanra Software Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 07, 2006 to discuss and decide the proposal of:

1. Issuing GDR / ADR / FCCB and other instruments.

2. Through Rights issue / Public Issue / Preferential Issue to raise funds to accelerate the synergies of existing business as well as new area of business (including acquiring Companies or business with good potential).

3. Shifting of Registered office of the Company to a place within the local city limits i.e. Chennai.

The Board will decide the Notice for convening of Extra Ordinary General Meeting (EGM), as well as the date, venue and time of the EGM.

Source : Equity Bulls

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