Four Soft

Four Soft surges after winning new contract

Four-Soft-LogoFour Soft has won an overseas contract for one of the software products for an unrevealed sum and has seen a surge by 4.7% to Rs 25.75 at 10 am IST on BSE.

It was during trading hours today, 15 February 2010, when the company announced the overseas order win.

On BSE, 8,050 shares were traded in the counter as against an average daily volume of 1.45 lakh shares in the past one quarter.

Four Soft, Take Solutions Plans To Merge

Four Soft and Take Solutions has announced their plan to merge. Both the companies have got the in principle authorization from their board of directors to consider the merger.

Both the boards will hire independent firms of chartered accountants and financial advisors to attain a fair valuation for the stockholders of both the companies.

The companies’ boards anticipate meeting within 6 to 8 weeks to mull over the advisors reports.

The amalgamation, if accepted by both the boards, will be dependent on shareholders’ sanction of both companies and other regulatory approvals.