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NSE Announcements on Celestial Labs (1) 22-Jul-08 16:11

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Posted by: MMB Messenger on ( 22-Jul-08 16:11 )
Price : [Celestial Labs - BSE:Rs. 35.05 NSE:Rs. 35.00 when posted]
Celestial Labs Limited has informed the Exchange that: "The company has acquired the channel partnership of Microsoft to strengthen Celestial ERP business. The main promoter of the Company, Dr .A.N. Singh is in the process transferring IPR rights worth total 11 crore as valued to the company. However, Dr.A.N.Singh entitlement is 8.175 crore out of which he shall claim worth Rs 2.5 crore shares not exceeding 5% on expended capital, balance will be subsequently claimed. The exercise shall immensely help the company to increase the business in the smaller and medium sectors of ERP business".

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