Majesco is planning to raise funds through further issue of shares or convertible securities of any nature through one or more modes, including but not limited to a further public offer, rights issue, qualified institutions placement, issue of American depository receipts or global depository receipts etc. for total size up to Rs 250 crore. The meeting of the Board of Directors of the company is scheduled to be held on December 14, 2017 to consider the same.
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.
