At meeting held on 20 April 2015
HOV Services announced that the Board of Directors of the Company at its meeting held on 20 April 2015, inter alia, discussed:-1. Approved the allotment of 10,500 equity shares of Rs. 10/- each pursuant to the ESOP Plan 2007. Consequent to the said allotment, the paid up share capital of the Company has gone up from 12,514,022 equity shares of Rs. 10/- each aggregating to Rs. 125,140,220/- to 12,524,522 equity shares of Rs. 10/- each aggregating to Rs. 125,245,220/-; and
2. In regards to the proposed transaction for sale of Company's investment through its US based wholly owned subsidiary, HOVS LLC, the Company has received communication from the purchaser informing the Company that they had decided not to proceed with the purchase of the investment.
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