Shares of Tera Software rose over 5%, touching the day's high of Rs76.75, after the company said its board would meet on February 29, 2012, to consider issuing convertible warrants on preferential basis to promoters of the company.
Tera Software said its board would also consider issuing non-convertible debentures along with detachable warrants to qualified institutional buyers.
Tera Software's consolidated net profit rose 5.56% to Rs6.46 crore on 23.91% increase in net sales to Rs64 crore in Q3 December 2011 over Q2 September 2011.
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