SRG INFOTEC LIMITED
Article Abstract:
SRG Infotec Limited () of New Delhi has secured the approval of the Securities and Exchange Board of India (Sebi) and NSDL for the dematerialisation of its shares during the quarter ended January 31, 1999. SRG is into software services and training. During the period, it also acquired Code India Systems (P) Ltd along with its customers and its business of automated data capture as well as data management systems, among others. SRG allotted 80 million equity shares of Rs10 each and 144 million optionally convertible preference shares of Rs10 each to M/s Silicon Valley Information Technology. During the quarter ended January 31, 1999, the sales grew by 670 percent and the net profit grew by 1451 percent. (ag)(psr)
Comment:
SRG Infotec Limited () of New Delhi has secured the approval of the Securities and Exchange Board of India (Sebi) and NSDL for the dematerialisation of its shares during the quarter ended January 31, 1999.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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SYNERGY LOG-IN SYSTEMS - WHAT IS IN A NAME!
Article Abstract:
Synergy Log-In Systems Ltd (SLIS) of Mumbai plans to make a rights issue in the ratio of 1:1 to raise Rs6.74 crore through 67.40 equity shares at par. One of the risk factors mentioned in the offer document is its outstanding of Rs5.05 crore. Another risk factor is that a winding up petition has been filed against SLIS in the Mumbai High Court. The equity of SLIS now is Rs6.74 crore. Post-issue, its equity will be Rs13.48 crore. Its promoters hold 44.73 percent stake and the public 45.82 percent in SLIS. SLIS has been changing its name. Once it was Synergy Credit Corporation Ltd. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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IIS INFOTECH TO GET DELISTED FROM OTCEI
Article Abstract:
IIS Infotech has decided to go for delisting from Over the Counter Exchange of India (OTCEI). IIS, which has been taken over by the FI group of the UK will seek delisting once the second and final offer for the takeover is completed. The second and final offer will be for the remaining 3.31 percent stake. The open offer will close on June 13, 1998. The FI group currently holds a 96.69 percent stake in IIS. (ag)
Comment:
Decides to go for delisting from Over the Counter Exchange of India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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