Orient Information Technology (Delisted) share news and announcements
BSE: 531167
Last traded ₹3.82 on 19 Dec 2008
Delisted on 4 Feb 2009.
Orient Information Technology orders, deals and press releases
4 filed, newest first.
Apr 2008
9 Apr · Business
The shareholders of the Company at their court convened meeting held on 8th April, 2008 have approved the scheme of arrangement with some modifications, between Marketplace Technologies Private Limited and Orient Information Technology Limited and IT People (India) Limited and their respective shareholders, with requisite majority
Mar 2008
6 Mar · Business
With reference to the proposed merger of Orient Information Technology Limited with IT People (India) Limited that pursuant to the order of the Hon'ble Court of Judicature at Bombay, a meeting of the equity shareholders of the Company will be held on April 08, 2008 for the purpose of considering and, if thought fit, approving, with or without modification(s) , the Scheme of arrangement between Marketplace Technologies Private Limited and Orient Information Technology Limited and IT People (India) Limited and their respective Shareholders.
Nov 2007
28 Nov · Business
The Board of Directors of the Company, at their meeting held on 27th November 2007, Tuesday, has approved the Amalgamation of Orient Information Technology Ltd. (OITL) into IT People (India) Ltd, a company listed on the Bombay Stock Exchange Limited, under Sections 391 to 394 of the Companies Act, 1956, subject to the requisite approvals from the members and creditors of the two companies, regulatory authorities and the Hon'ble High Court of Judicature of Bombay. The Board of Directors of the Company has also approved the Exchange Ratio of One Hundred (100 nos.) Equity Shares of Rs.2/- each in IT People (India) Ltd. for every Two Hundred and Seventy Five (275 nos.) Equity Shares of Rs.10/- each held by the shareholders of OITL as suggested in the valuation report of Gadgil & Co., Chartered Accounts & IT People valuation done by Haribhakti & Co. Chartered Accounts. The proposed Amalgamation shall be carried out under a Scheme of Arrangement to be filed before the Hon'ble High Court of Bombay. The draft Scheme of Arrangement approved by the Board of Directors of the Company for the proposed Amalgamation of OITL, into IT People (India) Ltd. will be filed with Bombay Stock Exchange Limited & National Stock Exchange of India Limited for necessary approval
Oct 2007
23 Oct · Business
Board of Directors of the Company at its meeting held on October 20, 2007, inter alia, approved the following: (1) The Proposal of Amalgamation/Merger of the Company with M/s. IT People (India) Limited and made appointment of M/s. Gadgil & Co., Chartered Accountants, as the Valuers for the purpose of valuation of the Company".