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Outcome of board meeting of Cybermate Infotek

Capital Market 

Held on 11 August 2017

The Board of Directors of at its meeting held on 11 August 2017 has approved the following -

The expansion of overseas operations of the company either through a Subsidiary or through a Joint Venture for carrying on IT & ITES related business in one or more countries.

To raise additional funds by way of QIP/FCCBs/GDRs/ADRs/Other convertible instruments as per SEBI regulations and FEMA guidelines upto USD 20 Million.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 15:25 IST