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Celestial Labs

BSE Announcements on Celestial Labs (1) 17-Jul-08 16:55

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Posted by: MMB Messenger on ( 17-Jul-08 16:55 )
Price : [Celestial Labs - BSE:Rs. 36.00 NSE:Rs. 35.35 when posted]
Celestial Labs Ltd has informed BSE 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. This exercise shall immensely help the Company to increase the business in the smaller and medium sectors of ERP business.

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