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Exchange Disseminated Time | 8K Miles Software Services Ltd has informed BSE that pursuant to the approval received from the shareholders of the Company in EGM held on April 11, 2012, a meeting of the Board of Directors of the Company will be held on May 12, 2012, to allot 4,72,300 Equity Shares of Rs. 10/- each at a price of Rs. 57/- per equity share (including a premium of Rs. 47/- per equity share) on preferential basis to a group of Strategic Investors not forming part of the Promoter of the Company in compliance with Chapter VII of Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 and Section 81(1A) of the Companies Act, 1956. |
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