Helios & Matheson - Updates
Helios & Matheson Information Technology Ltd has informed BSE that the Company has initiated arbitration proceedings and has appointed its arbitrator viz Hon. Justice Shri N V Balasubramanian, Retd Judge, High Court, Madras on February 10, 2006. This is in response to certain information received from the Escrow Agents, PricewaterhouseCoopers Pvt Ltd and Khaitan & Co., to the Share Purchase Agreement, which the Company had entered into with the Sellers,...