SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 14, 2000
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INTELLIGROUP, INC.
(Exact Name of Registrant as Specified in Charter)
New Jersey 0-20943 11-2880025
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
499 Thornall Street
Edison, New Jersey 08837
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (732) 590-1600
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On March 14, 2000, SeraNova, Inc., a New Jersey corporation ("SeraNova")
and a wholly-owned subsidiary of Intelligroup, Inc., (the "Company") entered
into a purchase agreement with four institutional investors pursuant to which
such investors purchased an aggregate of 50 shares of SeraNova's common stock at
a price per share of $200,000, for an aggregate purchase price of $10 million.
The investment represents approximately 4.8% of SeraNova's issued and
outstanding shares of common stock. In connection with such sale of its common
stock, SeraNova granted certain demand and piggyback registration rights to such
investors. In addition, at its option, SeraNova may sell an additional 25 shares
of its common stock for an additional $5 million to another investor. SeraNova
intends to use such proceeds for working capital and general corporate purposes.
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTELLIGROUP, INC.
By: /s/ Ashok Pandey
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Name: Ashok Pandey
Title: Co-Chief Executive Officer
March 22, 2000
