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VMF Soft Tech touches roof on getting nod for scheme of amalgamation

16 Aug 2011 Evaluate

VMF Soft Tech is currently trading at its upper circuit limit of Rs 4.78, up by 0.22 points or 4.82% from its previous closing of Rs 4.56 on the BSE.

The scrip opened at Rs 4.78 and has touched a high and low of Rs 4.78 and Rs 4.78 respectively. So far 1100 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 8.62 on 23-Aug-2010 and a 52 week low of Rs 3.80 on 28-Jul-2011.

Last one week high and low of the scrip stood at Rs 4.78 and Rs 4.15 respectively. The current market cap of the company is Rs 4.21 crore.

The promoters holding in the company stood at 29.30 % while Non-Institutions held 70.70% stake in the company.

VMF Soft Tech has received an approval for the proposed scheme of amalgamation cum arrangement of Tekriti Software with the company under section 391 to 394 read with section 100 of the companies act, 1956. The company has received an approval at its board meeting held on August 11, 2011.

VMF Soft Tech has proven expertise in providing innovative technology focused solutions for Enterprise Application Integration, Business Process Management, Customer Relationship Management, Supply-Chain Management, Knowledge Management and Web-enabled Enterprise Computing Solutions involving integration with Legacy Systems, ERP, Business Intelligence, Data Warehousing, and Workflow Systems across multiple verticals.

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