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Four Soft's equity issue
DUBAI - Four Soft Limited, an existing profit making and dividend paying company engaged in the business of product development and sale of web-centric Enterprise Wide Solutions for the Supply Chain services industry, is tapping the capital market by making a fresh issue of 7,950,000 equity shares of Rs 5 each for cash at a premium of Rs20 per share aggregating Rs198.75 million.
The paid-up equity share capital would increase from the current Rs118.9 million to Rs158.6 million after the equity issue. The company is registered as a 100 per cent EOU under the Software Technology Park scheme of the Government of India.
The proceeds of the issue would be utilised towards setting up an international marketing network, funding inorganic growth initiatives, expanding existing facilities and meeting product development and R&D expenses.
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