Suyog Telematics has informed that the Board of Directors of the Company at its meeting held on February 20, 2015, has considered and approved allotment of 20,00,000 Equity Shares of Rs 10 each of the Company to Nariman Mercantile Private Limited, for cash, at a price of Rs 45 per Equity Share (including a premium of Rs 35 per Equity Share) on Preferential basis in terms of members approval in the Extra-ordinary General Meeting held on February 13, 2015.
The above information is a part of company’s filings submitted to BSE.
