Nettlinx Limited, Hyderabad based internet infrastructure company has received remittance towards upfront payment of 25 percent of total consideration for preferential issue of convertible share warrants.
The company has completed all the formalities and complied with guidelines and have accordingly allocated convertible share warrants to the two Foreign Portfolio Investors: 13,82,449 convertible share warrants to EXchange Investors N.V. and4,12,678 convertible share warrants to Trans Global FZC.
With respect to an update on the recent acquisition of SalionSE, The Board of Directors of Nettlinx Limited commented that, "Abraham Joy and Dr. E. Leopold Dieck will be on the supervisory board of Salion SE (two out of three directors). Till such time a full-fledged CEO is appointed Abraham Joy and Dr. E. Leopold Dieck will jointly take care of the overall operations.
Disclaimer: No Business Standard Journalist was involved in creation of this content