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Trigyn on restructuring path

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CIOL Bureau
New Update

MUMBAI: IT products and services firm, Trigyn Technologies Ltd. has informed BSE, that a meeting of the board of the company would be held on May 19, 2004 to consider the business restructuring and business reorganization options with a view to raising funds, reported a online financial portal.



The company is backed by JP Morgan Partners and listed on Bombay Stock Exchange, National Stock Exchange and Ahmedabad Stock Exchange in India.



Formed in April 2000 after the merger of two software corporations, Leading Edge Systems and eCapital Solutions, it has achieved a revenue of Rs 14.68 crore for the year ended March 31, 2003.



While the revenues for the current fiscal is yet to be out, the company has posted a revenue of Rs 2.33 crore for the quarter ended December 31, 2003. This represents a slip in the revenue of 27 percent as against the corresponding period last year.



CIOL Bureau

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