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| Exchange Received Time 14/11/2017 18:53:52 Exchange Disseminated Time 14/11/2017 18:53:55 Time Taken 00:00:03 | 1. Appointment of Dr. Timothy Allen, MD, Ph.D and Dr. Pasupathy Raju, MS, MRCS (UK) as Additional Directors of the Company.
2. Approved the signed Memorandum of Understanding (MoU) to acquire a majority stake in Singapore based Cordite PTE Ltd which owns Infinia Services and Solutions DMCC (Infinia, www.infiniasns.com) providing E commerce IT solutions. This acquisition makes Calsoft as global leadership in the space of loyalty management and digital solutions. Consideration for the acquisition might be in cash, share or combination of both and thereby making Infinia as Calsoft's subsidiary.Currently Infinia operates in over 35 countries.Infina's has consolidated revenue of 15 million USD as on 31 Dec 2016.
3. Approved the establishment/expansion of businesses in the area of business analytics, artificial intelligence, digital marketing.
4. Approved the increase in the authorized share capital of the Company from existing Rs. 15,00,00,000/- to proposed Rs.25,00,00,000/- |
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