Business Standard

XT Global Infotech to consider fund raising and acquisition of further stake in Xenosoft Technologies (India)

Image

Capital Market

On 14 January 2020

The Board of XT Global Infotech will meet on 14 January 2020 to consider and approve the following -

- raising of funds through issue of equity shares of the Company on private placement basis.

- further acquisition of stake in Xenosoft Technologies (India) by swap of shares through preferential allotment as per the valuation reports of both the companies.

- increase in the limits applicable for making investments / extending loans and giving guarantees or providing securities in connection with loans to bodies corporate or investment in other entities.

Powered by Capital Market - Live News

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 07 2020 | 9:18 AM IST

Explore News