Date:22/09/2004 URL: http://www.thehindubusinessline.com/2004/09/22/stories/2004092202000501.htm

Back Mastek AGM okays FII hike

Our Bureau

BANGALORE: The annual general meeting of Mastek Ltd has approved increasing the limit of investment by FIIs/NRIs from 30 per cent up to 49 per cent of the paid-up equity capital of the company under the portfolio investment scheme.

According to a company notification to the exchange, at the AGM meeting held on September 20, the members also approved an equity dividend of Rs 3 per share. Other decisions that were ratified include the allocation of 7 lakh stock options to be issued as ESOP to employees and identified employees of the company and subsidiaries.