Black Box Ltd.

AGC Networks, a Mumbai-based communications software provider, has received an approval for sale of 57,14,285 fully paid-up equity shares of the face value of Rs 10 each held in Aegis at a price of Rs 170 each to AGC Holdings. The board at its meeting held on May 10, 2012 has approved for the same.

Recently, it had received an approval for entering into a joint venture agreement in the Kingdom of Saudi Arabia to provide IT & ITES services. The board at its meeting held on January 31, 2012 had approved for the same.

AGC Networks is India’s leading intelligent communications solution provider delivering business solutions that help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding communication in their business processes.