Smartlink Network Systems invests in wholly owned subsidiaries

On 15 November 2015

Smartlink Network Systems announced that the Company has made following investment in its Wholly Owned Subsidiaries on 15 November 2016.

1. In Digisol Systems (Digisol)

- Rs. 30,00,00,000/- (Rupees Thirty Crores Only) as subscription amount paid towards Non-Convertible Debentures (unlisted) and

- Rs. 5,00,00,000/- (Rupees Five Crores Only) paid as subscription amount towards Equity Shares.

2. In Synegra EMS (Synegra)

- Rs. 3,50,00,000/- (Rupees Three Crores Fifty Lakhs Only) as subscription amount towards Equity Shares.

Further, the Company has informed that:

3. Digisol Systems will be paying Smartlink Network Systems (Smartlink) Rs. 19.00 crore as lumpsum consideration towards Slump Sale.

4. Synegra EMS will be paying Smartlink Network Systems (Smartlink) Rs. 3.30 crore as lumpsum consideration towards Slump Sale.

Powered by Capital Market - Live News