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| Exchange Disseminated Time | Virtualsoft Systems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 08, 2013, wherein the below mentioned matters are to be decided:
- To approved the transfer of Undertaking of the company comprising of it's Telecom Business to Roaml Telecom Limited up to the value of assets of Rs. 10 Crore (referred to as sale consideration) for a value as per the valuation done by the Statutory Auditor of the company and that such transfer shall be with effect from the close of the business hours of June 30, 2013 and that the consideration shall be received by way of allotment of such number of equity shares of Roaml Telecom Limited of Rs. 10 each issued at price as decided mutually by the Board of Directors of VirtualSoft Systems Limited & Roaml Telecom Limited through an agreement for the transfer of undertaking. |
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