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| Exchange Disseminated Time 28/05/2016 17:42:29 | Majesco Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2016, has considered and approved the following:
1. Raising of funds not exceeding Rs. 250.00 Crores by way of issuance of Equity Shares through Qualified Institutional Placement (QIP), subject to approval of shareholders through Postal Ballot..
2. Increased the Foreign Institutional Investors ("Fll") / Foreign Portfolio Investor ("FPI") shareholding limit in the paid up share capital of the Company upto 40% of total Equity Share Capital of the Company subject to approval of shareholders through Postal Ballot.
3. Notice of Postal Ballot.
The Board meeting started at 3.00 P.M. and concluded at 5.15 P.M. |
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