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Kpit Cummins Infosystems informs outcome board meeting
Date: 25-02-2013Kpit Cummins Infosystems has informed that the board of directors of the company at its meeting held on February 23, 2013, has approved the following major proposals.
1. Investment in KPIT Infosystems Limited, UK, for funding of potential future acquisition, by way of loan or equity.
2. Investment in KPIT Infosystems Inc., USA for funding of potential future acquisition, by way of loan or equity.
3. Allotment of 172,222 equity shares under company’s ESOP 2004/2006 scheme.
The above information is a part of company’s filings submitted to BSE.