(08-Oct-2007 Hours IST)
Betala Global Securities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 08, 2007, inter alia, has considered reverse merger of Betala Global Securities Ltd (BGSL) with Volvie Capital Management (P) Ltd (VCMPL) and it was resolved to proceed with the reverse merger and the exchange ratio will be every five shares of BGSL will get one Share of VCMPL, subject to necessary approvals from stock exchange, other Regulatory bodies and Honorable High Court of Chennai.
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