The statement said Brightcom Group is looking to expand its presence in Europe, the Middle East, Africa and Asia Pacific markets, which would be in line with the company’s vision to enhance its global presence in the digital market and the media industry.
Brightcom Group intends to expand its overseas operations under a new name called “Trenova Corporation” with a focus on London and Hong Kong.
With this expansion, Brightcom Group aims to increase its market share in the digital marketing and media sectors in the European Union and Asia Pacific.
As Brightcom Group looks to expand its operations overseas, its Shareholders continue to face an uncertain future. The Brightcom Group currently has 650,000 small shareholders, or those with an authorised share capital of less than ₹2 lakh as of the quarter ended March 31.
Brightcom Group has not yet shared its shareholding pattern for the June quarter.
Brightcom Group shares, whose trading remains suspended, are currently in the ‘Z’ category.
Shares in these categories may only be traded on the first trading day of the week for the following six months.
Traders will have to receive the shares on a transaction-to-transaction basis, and shares cannot be bought and sold on the same day.
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