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Outcome of board meeting of Sphere Global Services

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Capital Market

Held on 02 April 2016

The board of directors of Sphere Global Services held on 02 April 2016 considered and approved -

Appointment of Vijaya Rama Mohan Reddy Yakkanti as additional director to be regularised in the ensuring general meeting.

Resignation of Directors - Ramakrishna Bhaskar and Suneetha Vishnupanthulu.

Acquisition of Creative Probers And Services India by entering into and signing of agreement to acquire 30% of stake of the Company to make it as an associate company.

Issue of preferential allotment of upto 20 lacs equity shares.

Conversion of warrants into equity shares issued and allotted to Sudhakiran Reddy on receipt of full amount of consideration.

 

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First Published: Apr 04 2016 | 10:56 AM IST

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