Softbpo Global okays Rs 20.62 cr rights issue

The rights share of Rs 10 each would be allotted at an issue price of Rs 55 apiece.

PTI | June 7, 2011



IT firm Softbpo Global Services Ltd today said it has approved the proposal to raise Rs 20.62 crore by issuing 37.50 lakh equity shares on rights basis to the existing shareholders.

The board of directors passed a resolution to allot 37.50 lakh shares under the rights issue in the ratio of 25 equity shares for every one held, Softbpo Global Services said in a filing to the Bombay Stock Exchange.

The rights share of Rs 10 each would be allotted at an issue price of Rs 55 apiece, it said.

The board also decided to convene the extra-ordinary general meeting on June 29 for seeking permission of the shareholder to the proposed rights issue, it said.

The record date for the issue would be determined by the board at a later date, it added.

Shares of the company closed at Rs 300, indicating a gain of Rs 7 from the previous close on the BSE.

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