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| Exchange Disseminated Time | CTIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2014, inter alia, has approved the following:
1. Brief note on acquisition of 100% stake in M/s. TANGENT SOLUTIONS (INDIA) PVT. LTD., has been placed before the Board of Directors for their consideration and approval. Board of Directors have deliberated on several issues relating to the acquisition. Boards of Directors have, in principle, approved acquisition of 100% stake in M/s. TANGENT SOLUTIONS (INDIA) PVT. LTD and Mr. PVV Satyanarayana Chairman of the Company is authorised to finalize the terms and conditions and execute necessary documents after final approval by the Board of Directors.
2. After detailed discussion, Board has in principle approved acquisition 100% stake in EIKO CYBERTECH PVT LTD and authorised Mr. PVV Satyanarayana Chairman of the Company to finalize the terms and conditions and execute necessary documents after final approval by the Board of Directors. |
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