Helios and Matheson Information Technology board meeting will be held on July 25, 2014, to consider raising of long term funds through issue of FCCBs GDRs and issue of equity related securities to Qualified Institutional Buyers in accordance with existing statutory guidelines and increase of authorized share capital .
Helios and Matheson Information Technology Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 25, 2014, inter alia :1. to consider raising of long term funds through issue of FCCBs, GDRs and issue of equity related securities to Qualified Institutional Buyers in accordance with existing statutory guidelines and increase of authorized share capital (and consequent amendment to Memorandum and Articles of Association), subject to approval of members to be obtained through postal ballot exercise.The Trading Window for dealing in the shares of the Company by the directors and employees shall remain closed during the period from July 21, 2014 to July 26 2014 (both days inclusive). Accordingly, all the Directors and Employees of the Company have been advised not to trade in shares of the Company during the period of closure of Trading Window as stated above.Source : BSE
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