• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Bangalore, Nov. 13

Shareholders of the Pittsburgh-based iGate Global Solutions on Tuesday approved the earlier board’s decision of delisting the company from the Indian stock exchanges. At the Extraordinary General Meeting, the resolution of delisting equity shares of the company from the Bombay Stock Exchange, National Stock Exchange of India and the Bangalore Stock Exchange was passed. “We will continue to be listed on NASDAQ,” said Mr Phaneesh Murthy, CEO, iGate Global S olutions. The company also announced the appointment of Mr Hariharan Sambhashiva as Member of the Board. The EGM approved buy-back of shares at the fixed floor price of Rs 288.90, the 26-week average price. This is a 25.9 per cent decrease on the last traded price of the scrip as on Tuesday. The reverse book building process will be kept open for a week, and is expected to be complete by December 3. —

Our Bureau

More Stories on : Software | Stocks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Number portability issue leads to war of words

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line