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Visesh Infotecnics withdraws proposal to merge SVIL Mines, Surya Vinyak Wellness with itself

09 Dec 2013 Evaluate

Visesh Infotecnics has received an approval to withdraw proposal for merge and/or acquisition whole or part the companies i.e. SVIL Mines and Surya Vinayak Wellness with itself. The board of directors at its meeting held on December 07, 2013 has approved for the same due to difference in valuation of the companies.

Earlier on July 12, 2013, the company had received an in principal approval to acquire or merge whole or part of the undertakings of the companies, SVIL Mines and Surya Vinyak Wellness with the company subject to receipt of necessary approvals of shareholders/creditors and other appropriate authorities.

Visesh Infotecnics is an ERP software products company which has a comprehensive industry-wise client list with its software and technology solutions being used successfully in almost all industry verticals such as telecommunications, chemicals, automobiles, pharmaceuticals, services (including finance and ITeS), government, education, sugar, sales and distribution etc.

MPS Infotecnics Share Price

0.34 0.00 (0.00%)
02-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
TCS 2394.85
Infosys 1179.20
HCL Tech. 1198.60
Wipro 197.95
Tech Mahindra 1463.05
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