Totvs to increase capital by US$18.7mn

Monday, August 22, 2011

Brazil's largest software company, Totvs, said its board approved on Friday (Aug 19) a 30mn-real (US$18.7mn) capital increase.

Totvs said it will issue around 1.39mn shares some at 21.60 reais a share, which will boost the company's capital to 439mn reais.

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