Ajel Infotech s Board Approves Stock Split (22-Jul-2010)
The board of Ajel Infotech in its meeting on 22 July 2010 has approved to raise the funds from foreign market through issue of GDRs / ADRs / FCCBs to the extent of Rs. 60 crore and to raise funds from local market through Qualified Institutional Placement (QIP) to the extent of Rs. 60 crore.
The board has approved the merger of RTEngines Software with Ajel Infotech through scheme of amalgamation.
Further, the board has approved the subdivision of its existing 1 equity share of Rs. 10 each into 10 equity shares of Re. 1 each.
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