It firm Softbpo Global Services Ltd today said it has approved the proposal to raise Rs 20.62 crore by issuing 37.50 lakh equity shares on rights basis to the existing shareholders. The board of directors passed a resolution to allot 37.50 lakh shares under the rights issue in the ratio of 25 equity shares for every one held,Softbpo Global Services said in a filing to the Bombay Stock Exchange. The rights share of Rs 10 each would be allotted at an issue price of Rs 55 apiece,it said. The board also decided to convene the extra-ordinary general meeting on June 29 for seeking permission of the shareholder to the proposed rights issue,it said. The record date for the issue would be determined by the board at a later date,it added. Shares of the company closed at Rs 300,indicating a gain of Rs 7 from the previous close on the BSE. Maxwell Ind okays TN spinning unit's sale for Rs 39 cr VIP vests maker Maxwell Industries Ltd today said it has approved the sale of spinning business to M C Spinners Private Ltd for Rs 39 crore. The board of directors gave their nod for selling its spinning unit situated at Kollapalur Village in Erode district of Tamil Nadu,Maxwell Industries informed the Bombay Stock Exchange in a regulatory disclosure. The board approved the business transfer agreement with M C Spinners Private Limited for the sale as a going concern on slump sale basis,it said. The agreement is subject to approval of the shareholders and such other approvals as may be required in this regard,it said. The board authorised Sunil Pathare,Vice-Chairman and Managing Director,to execute the agreement in this regard,it added. The board also authorised R. Venkataraman,vice president (Finance) and company secretary to finalise and issue the notice of Postal Ballot for obtaining the approval of the shareholders for sale of spinning unit,it said.
