Compucom Software approves allotment of 37.50 lakh shares, 25 lakh warrants

Compucom Software Ltd has announced that the Board of Directors of the Company at its meeting held on November 04, 2010, inter alia, has discussed and approved the allotment of Equity Shares and Convertible warrants to the Promoters & Non-promoters on preferential basis.

The allottees include Compucom Technologies Pvt. Ltd. (Promoter) : 7,50,000 Equity Shares and 25,00,000 Convertible Warrants and Rukmani Sales Pvt. Ltd. (Non-promoter) : 30,00,000 Equity Shares.

The Issue price is Rs. 25.36/- per share / warrant, as determined under SEBI (ICDR) Regulations, 2009. The said Issue Is subject to all applicable laws, regulations and guidelines including the SEBI (ICDR) Regulations, 2009.

The Board also approved the strategic Investments in the form of Equity shares to be subscribed at par upto a sum of Rs. 5 Crore In CSL Infomedia Pvt. Ltd. a group Company for Educational T. V. , Media and Entertainment Segments. Accordingly, CSL Infomedia Pvt. Ltd. will become Subsidiary of the Company.

The stock closed the day at Rs.30.10, up by Rs.0.80 or 2.73%. The stock hit an intraday high of Rs.30.90 and low of Rs.29.50.

The total traded quantity was 2.89 lakhs compared to 2 week average of 3.63 lakhs.

Source : Equity Bulls

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