Wednesday, October 05, 2005

Zenith Infotech to raise Rs 100 cr

Zenith Infotech Ltd, a banking solution company, has decided to raise Rs 100 crore by issuing equity shares and warrant on preferential basis.

A decision to this effect was taken at the ninth annual general meeting held recently, the Mumbai-based company informed the Bombay Stock Exchange on Tuesday.

The AGM unanimously passed the resolution to issue and allot equity shares and warrants, each convertible into one equity share as per the SEBI Guidelines within 18 months on preferential basis to the promoter group.

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