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| Exchange Disseminated Time | HOV Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 27, 2011, inter-alia, to consider the following:-
1. Incorporating or acquiring an entity in Delaware under the laws of Unites States of America as a wholly owned subsidiary of the Company under the extant foreign exchange guidelines of India; and
2. Authorizing the newly incorporated entity to incorporate or acquire another entity in Delaware under the laws of Unites States of America as it's wholly owned subsidiary as the step down subsidiary of the Company under the extant foreign exchange guidelines of India. |
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