Hyderabad, 23rd December, 2016/Team Estrade//– Nettlinx Limited, Hyderabad based internet infrastructure Company, has received remittance towards upfront payment of 25% of total consideration for preferential issue of convertible share warrants.
The company has completed all the formalities and complied with guidelines and have accordingly allocated convertible share warrants to the two Foreign Portfolio Investors: 13,82,449convertible share warrants to EXchange Investors N.V. and 4,12,678 convertible share warrants to Trans Global FZC.
With respect to an update on the recent acquisition of SalionSE , The Board of Directors of Nettlinx Limited commented that Abraham Joy & Dr. E. Leopold Dieck will be on the supervisory board of Salion SE ( 2 out of 3 Directors ) . Till such time a full fledged CEO is appointed, Mr Abraham Joy &Dr. E. Leopold Dieck will jointly take care of the overall operations. “
Salion SE
Salion SE is an asset management company based out of Berlin, Germany. The Corporation manages more than Euro 1.70 Million investments. It has a specialized team which advises on M&A and financing of M&A transactions.
Nettlinx Limited:
Nettlinx is an internet infrastructure initiative of the Nettlinx Group. The genesis of the company has began with its ISP (Internet services provider) operations in 1999. Nettlinx is headquartered in Hyderabad with presence in over 93 locations in Telangana and Andhra Pradesh. It is a leading Class-B ISP operator in both the Telugu states for the past 17 years.
Nettlinx is now the leading choice for state-of-the-art services such as cable and wireless Internet access, web design, portal development; web hosting, server co-location, network management & e-commerce services. Nettlinx connectivity services have been fulfilling the need to run applications like live video streaming, mailing and web services across multi-location enterprises in various segments like print and electronic media, financial institutions, Educational Centers, manufacturing units, healthcare & hospitality industry and several other SMEs.
Over the years,The group has diversified in to Realty &Aquaculture.
Nettlinx Completes acquisition of Salion SE
