Kaashyap Technologies - Outcome of Board Meeting

kaashyap Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 06, 2008, has decided the following:
The Board was apprised of the products of Fidelity Financials Ltd., Mauritius, holder ofIntellectual Property Rights in ERP Software Solutions for Hotels, Resorts, Textiles, Trading and Package Tourism Industries.
The Board after detailed discussions on the marketability of the products and also possible penetration into the ERP Software Solutions market, decided to acquire the IPR of the product.
The Valuation Report of the products of Fidelity Financials Ltd., Mauritius, submitted by the Fidelity was placed before the Board. The Board was apprised that the valuation of theIPR of the product has been done at USD 9.5 Million.
The Board further appointed Deloitte Haskins & Sells to carry out a valuation of the IPR products of Fidelity Financials Ltd., Mauritius and arrive at a final consideration price.
The Board further constituted a Management Committee consisting of Mr. A Sivakumaran, Director, Mr. R Dakshinamurthy, Director and Ms. V Vasumathy, Company Secretary to obtain a Valuation Report from Deloitte Haskins & Sells and authorized the committee to decide on the consideration for acquisition of IPR of the Company and to decide on the mode of consideration which may be either through issue of Global Depository Receipts (GDRs) on a back to back basis / cash / equity Shares.


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Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

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To name few
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

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Anonymous said...


Once again after crash Nifty has started going up. Now we suggest all rises should be used as an opportunity to exit old long positions.
This bull run will continue for few more days. Overall market is in bearish mood as in medium term its just a small rally due to short covering
and result season.

Happy Trading,


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Now on Saturday i.e 6th Dec'08 RBI has cut Repo rate by 100 BPS to 6.5%, due to this we can see some rebound in the Indian Stock Market,as this is one of the factors which will also decide the movement of Nifty in coming days along with different other factors,our advice for intraday traders is to trade light

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