Axis IT&T Board approves Rights Issue
Axis IT&T Board approves Rights Issue to raise upto Rs 50 crores. Axis-IT&T Ltd has announced that the Board of Directors of the Company at its meeting held on January 12, 2010, has been decided to raise further capital by issue of Equity Shares on rights basis for an amount upto Rs. 50 (fifty) crores, subject to the necessary approvals, if any. The Board has also constituted a Committee and delegated the necessary powers to the Committee to decide about the size, timing, basis of offer, premium and other modalities of the proposed rights issue.
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