Vakrangee Softwares increases FIIs limit
Mumbai,
Sep
9:
Vakrangee
Softwares
Limited
(VSL),
an
integrated
document
and
printing
management
solutions
provider,
has
increased
the
limit
of
investment
by
Foreign
Institutional
Investors
(FIIs)
from
24
per
cent
to
49
per
cent
of
the
share
capital
of
the
Company.
The Company made this announcement at its 17th Annual General Meeting (AGM) held here yesterday. The Company said raising of the FII investment ceiling has provided depth and liquidity to the Company's shares.
According to the Company, till August 31, 2007, FIIs have acquired 43 lakh shares representing 22.34 per cent of the share capital of the debt-free and rent-free Company.
UNI
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Story first published: Sunday, September 9, 2007, 17:01 [IST]