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Innovation Software Exports to merge ABL with itself

29 Oct 2013 Evaluate

Innovation Software Exports has received an approval for merger of Agrata Biotech (ABL) into it. The board of directors at its meeting held on October 11, 2013, has approved the same. The board has also approved the engagement of a Chartered Accountant firm for valuation of the company and also ABL and to give its recommendation of share exchange ratio for the proposed merger.

Besides, the board had also approved the engagement of a Merchant Banker for giving its fairness opinion report on the valuation to be carried out by the said Chartered Accountant firm.

Innovation Software Exports caters to the requirements of budding IT aspirants and employees of organizations with state of the art teaching methodology. It offers a vast spectrum of IT programs catering to different student community and IT training in various cutting-edge platforms and technologies.

Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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