The board of Sparsh BPO Services has decided to issue and allot non convertible redeemable preference shares upto an aggregate nominal value of Rs 100 crore to the shareholder of the company, Intelenet Global Services. The exact terms and conditions of the preference shares shall be decided by a committee of the board of directors.
Accordingly, the board has also proposed to increase the authorized share capital of the company.
This was decided at the board meeting held on 21 July 2009.
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