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| Exchange Disseminated Time | Melstar Information Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 23, 2015, has considered and approved the following mailers:
1. To purchase of 6,00,000 equity shares of Rs. 10 each i.e. 100% paid equity share capital of IDV TECHNOLOGY SOLUTIONS PRIVATE LIMITED.
Thus accordingly IDV TECHNOLOGY SOLUTIONS PRIVATE LIMITED has become Wholly Own Subsidiary (WOS) of the Company.
2. To acquire 100% of Undertakings of HOUSTON TECHNOLOGIES LIMITED.
3. To sale the Melstar House situated At G-4 Melstar House, MIDC Cross Road “A" Andheri (East) Mumbai - 400093.
The Board has approved the Postal Ballot Notice in respect of Item No. 3 (as above) pursuant to Section 110 of the Companies Act, 2013, (the “Act”), read with Rule 22 of the Companies (Management and Administration) Rules, 2014. |
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