Accentia Technologies To Allot Equity Shares

The board of Accentia Technologies has accorded their consent for allotment of 12,41,969 equity shares formally to Berggruen AP, Mauritius.

The company has received in-principle approval for allotting equity shares on preferential basis to Berggruen AP, Mauritius for an amount equivalent of US $ 5,000,000 equity shares numbering 12,41,969. Berggruen AP, Mauritius is a venture of Berggruen Holdings, A Global investment fund investing internationally in an extensive range of asset classes including private equity.

This was decided at the board meeting held on 27 October 2007.