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| Exchange Disseminated Time | D-Link (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 21, 2013, have considered and approved the following:
1. Acquisition of Team FI Networks Private Limited through issue of 55,00,000 equity shares by the Company on preferential basis for "consideration other than cash" to the promoters and other shareholders of Team FI Networks Private Limited, in accordance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws.
2. Raising of funds by way of issue of equity shares for cash for a sum not exceeding Rs. 60 crore (Rupees sixty crore only) on rights basis. Further, the board or committee thereof formed for the said purpose shall be free to determine the terms of the Rights Issue.
3. Increase in the authorised share capital of the Company from Rs. 7 Crores divided into 35,000,000 equity shares of face value of Rs. 2 each to Rs. 14 Crores divided into 70,000,000 equity shares of face value of Rs. 2 each, and
4. Extra-ordinary general meeting of the members of the Company will be held on January 20, 2014 for obtaining the authority/ approval of the members of the Company for approval of the matters specified above. |
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