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| Exchange Disseminated Time | Compuage Infocom Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 15, 2010, inter alia, has decided to seek approval of members through the Postal Ballot process:
1. Increase in the limit of Investment by Foreign Institutional Investors (FIIs) in the Company's Equity Shares Captail.
- Accorded for the investment in the Share Capital or any other permitted securities of the Company by Foreign Institutional Investors (FlIs) registered with The Securities and Exchange Board of India (SEBI) and on behalf of each of their SEBI approved sub-accounts, by direct investment, purchase, or through private placement / acquisition from the market under the portfolio investment scheme, on repatriation basis or otherwise, subject to the condition that such investments together with their existing holdings, if any, shall not exceed, in the aggregate 49% of the paid up Equity share capital of the Company, subject to necessary provisions & approvals.
2. Increase in the limit of Investment by NRIs and PIOs in the Company's Equity Share Capital:
- Accorded for the investment in the Share Capital of the Company by NRIs and PIOs , by direct investment, purchase, or through private placement / acquisition from the market under the portfolio investment scheme to the extent of 24%, on repatriation basis or otherwise, and in any other case up to 49% of the paid up share capital of the Company, subject to necessary provisions & approvals. |
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