<http://www.dealcurry.com/2010067-Cerebra-Integrated-Technologies-To-Dilute-38-Stake-For-Rs16-1-Cr.htm>
*Cerebra Integrated Technologies* have announced to dilute around 38% stake amounting to Rs.16.1 Cr as a part of share-for-vendor-supply deal. The company is planning to foray into e-waste management business and will use part of the money to finance its plant and machinery and for services. It has planned to issue shares at Rs.17.50 per share to each - *Scenic Overseas*, Singapore (36,00,000 equity shares / 14.8% stake), *Leytron Technology*, Singapore (33,00,000 equity shares / 13.6 stake) and *Cimelia Resource Recovery*, Singapore (23,00,000 equity shares / 9.48% stake). Post allotment, these three firms will together become foreign promoters of the company. The present stake of Indian promoter is 5.2% which will decline to 3.2% post allotment. Cerebra is planning a three-phased strategy to enter the e-waste management business. In the first phase it would get into repair, refurbishment & recycling of electronic boards and to set up a recycling plant. Thereafter it would set up a copper smelting plant and other base metal extraction plants and finally in the third phase it would set up plastic recycling unit through a plastic to fuel conversion plant. Founded in 1992, listed company Cerebra's principal activity is to provide IT services and hardware. Its services include legal process outsourcing, medical transcription, electronic manufacturing services and infrastructure management. Singapore based Leytron Technology Pte Ltd is engaged in power installation, controlling and monitoring electical engineering. Cimelia Resource Recovery, an integral arm of *Enviro-Hub Group* of companies, provides electronic waste management and recycling solutions. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
