Press ReleasesCranes Software to redeem Preference Shares
Bangalore, April 20, 2004: Cranes Software International Ltd. (CSIL), a global scientific and engineering software products and solutions provider, today announced that its Board has approved the redemption of the existing 200,000 preference shares of Rs. 100 each. The redemption will be at par value and will involve cash outflow of Rs. 20 million.
With the redemption of the outstanding preference shares, the paid-up share capital of the Company will stand at Rs. 101.67 million comprising 10166797 equity shares of Rs. 10 each.
About Cranes Software International Ltd. (CSIL):
CSIL, a global scientific & engineering products and solutions provider, offers its customers products, consulting and training in the scientific and engineering field. The company is dedicated to excellence, which brings recognized leadership in technical software products and support capabilities. CSIL expertise in these fields comes with an early bird experience of over a decade.
CSIL with a definite and distinct focus on product development, consulting, distribution and training, has its network spread over nine direct offices and thirteen dealers all over India. With a mission statement to provide its customers the best in scientific technology and to enable its customers to define new limits, CSIL is setting new standards in the scientific software and engineering field.
For further information, please contact :
Contact : Akila Lean (Cranes Software International Limited)
Phone : +91 80 2520 1604 / 5 / 6
Fax : +91 80 2520 1626
E-mail :
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Contact : Shiv Muttoo (Citigate Dewe Rogerson)
Phone : +91 22 2284 2728
Fax : +91 22 2284 4561
E-mail :
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