California Software has received an approval to sell shares of subsidiary company i.e. Aspire Communications. The Board of Directors of the company at their meeting held on December 23, 2017, approved the same.
The Board also approved the issuance of 38,00,000 Equity Shares at a price of Rs 100 each (Which includes premium of Rs 90) on Preferential Allotment Basis to Prashant Khattar for the exchange of his 60% fully diluted equity shares of Infinia Solutions and Services PTE (Share swapping Transaction) and the conversion of unsecured Loan of Rs 35,10,80,000 in to 35,10,800 Optionally Convertible Redeemable Preference Shares (OCRPS) at a price of Rs 100 each (Which includes premium of Rs 90) to Chemoil Advanced Management Services (CAMS).
California Software Company is a global Product Engineering and Enterprise Solutions company with a strong background in development and implementation.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
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