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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
India Out. | LSE:IOS | London | Ordinary Share | GB00B0YTNL47 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0923A India Outsourcing Services PLC 21 March 2006 For immediate release 21 March 2006 INDIA OUTSOURCING SERVICES PLC ('India Outsourcing' or 'the Company') Strategic investor increases shareholding India Outsourcing Services plc (AIM: IOS), a company formed to capitalise on acquisition and investment opportunities primarily in the Indian business process outsourcing market, is pleased to announce that it has received notification that Wheddon Limited ("Wheddon"), an investment vehicle associated with Vincent Tchenguiz' Consensus Business Group ("CBG"), has subscribed for an additional 1,000,000 ordinary shares of 10p each in the Company at 50p per share in a private placing. This placing brings Wheddon's total shareholding to 1,312,500 shares, equivalent to 13.85 per cent of the Company's issued share capital. The new shares will be admitted to trading on AIM on 24 March 2006. Wheddon, which initially invested in India Outsourcing in September 2005, is a strategic investor in the Company. Over the past few months the Company has been working with Consensus, Vincent Tchenguiz' venture capital arm, to identify opportunities where India Outsourcing could provide offshoring solutions to Consensus' portfolio companies. Amit Pau, India Outsourcing's Chief Executive, said: "I am delighted that Wheddon has decided to increase its shareholding in the Company and that we continue to work closely with Vincent Tchenguiz and Consensus to provide some innovative and value adding offshoring opportunities." ENDS For further information: India Outsourcing Services plc Tel: 020 7297 0010 Haresh Kanabar, Chairman Amit Pau, Chief Executive Teather & Greenwood Tel: 020 7426 9000 Mark Dickenson Sindre Ottesen Buchanan Communications Tel: 020 7466 5000 Mark Court/Elly Williamson This information is provided by RNS The company news service from the London Stock Exchange END IOEAKKKQOBKDBNB_SN_RNS0923A_SU_RNSTEST_XX_070057.7806_RZ__RT_R.xRoute.001 ~
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