Cybermate Infotek has informed that the Board of Directors of the Company at its meeting held on June 20, 2016, considered and approved the Reduction of Equity share capital by reduction of the paid-up value of share from Rs 10 to Rs 2 in terms of Section 66 of Companies Act, 2013 read with Regulation 11 and 37 of SEBI (LODR) Regulations, 2015 and other applicable laws and regulations and further resolved to refer the matter to the Auditor for Valuation Report and Merchant Banker for fairness opinion in terms of Para I(A)(3d) of Annexure I of SEBI Circular dated November 30, 2015.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
| View more.. | |
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