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Outcome of board meeting of Blue Star Infotech

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Capital Market
Last Updated : Oct 17 2014 | 10:45 PM IST

Held on 17 October 2014

Blue Star Infotech announced that the Board of Directors of the Company at its meeting held on 17 October 2014, has approved the following:

1. The Board of Directors have approved allotment of 4,15,000 fresh equity shares of face value Rs. 10 each to the BSIL - Key Employees Stock Option Scheme Trust at a total consideration of Rs. 2,53,90,800 (including premium). These shares when allotted shall rank pari passu with the existing shares.

2. The Board has approved listing of 4,15,000 equity shares with the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) post allotment.

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First Published: Oct 17 2014 | 9:33 PM IST

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