D-Link (India) has received an approval for acquisition of Team FI Networks through issue of 55,00,000 equity shares by the company on preferential basis for ‘consideration other than cash’ to the promoters and other shareholders of Team FI Networks. The above is in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws.
The board of directors at its meeting held on December 21, 2013 has approved for the same. The board also approved raising of funds by way of issue of equity shares for cash for a sum not exceeding Rs 60 crore on rights basis. Further, the board or committee thereof formed for the said purpose shall be free to determine the terms of the Rights Issue.
D-Link India is a global leader in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions.
The board of directors at its meeting held on December 21, 2013 has approved for the same. The board also approved raising of funds by way of issue of equity shares for cash for a sum not exceeding Rs 60 crore on rights basis. Further, the board or committee thereof formed for the said purpose shall be free to determine the terms of the Rights Issue.
D-Link India is a global leader in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions.
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