Aztecsoft - MindTree to Acquire Majority Equity Interest in Aztecsoft Ltd
Aztecsoft Ltd has announced that the Company has received intimation from MindTree Ltd (”the Company”) that in the Board Meeting of MindTree Ltd held on May 02, 2008, they have considered and unanimously approved the proposal to acquire 14,655,280 equity shares of Rs 3 each of Aztecsoft Ltd (”Aztecsoft”) constituting 32.57% of the voting capital of Aztecsoft on the date of this notice, for a purchase consideration of Rs 1,172,422,400 (Rupees One Billion One Hundred Seventy Two Million Four Hundred Twenty Thousand Four Hundred only), from E4E Holdings Ltd, the existing promoter of Aztecsoft. The Company has executed a Share Purchase Agreement with E4E Holding Ltd to this effect