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Moschip Semiconductor Technology announced that the Board of Directors of the Company through circular resolution passed on 04 January 2017 has allotted a total of 1,06,24,998 equity shares of face value of Rs 2 each; 63,00,000 series 01 warrants; and 66,36,000 series 02 warrants, on preferential basis.
Pursuant to the above allotment of equity shares to the transferring shareholders of Eliteplus Semiconductor Technologies, Maven Systems and Orange Semiconductors (such companies collectively, Acquired Companies), all the acquired companies have become wholly owned subsidiaries of the company.
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