Majesco USA announces change in record date for proposed rights offering

Majesco announced that its US subsidiary, Majesco USA has changed its record date for its previously announced rights offering from 07 January 2019 to 29 January 2019 and its expiration date from 28 January 2019 to 19 February 2019.

Under the proposed rights offering, Majesco will distribute to its shareholders, at no charge, one non-transferable subscription right for each share of common stock held or deemed to be held on the record date. Each right will entitle the holder to purchase one-sixth of a share of Majesco's common stock at a subscription price of $7.10 per whole share.

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