• search

Valuemart hikes stake in Tejas Infoscripts to 100 pc

Written by: Staff
|

Bangalore, Mar 6 (UNI) City-based Valuemart Info Technologies Limited, a software development and BPO company, today announced that it has bought out 100 per cent stake in Tejas Infoscripts Pvt.

Ltd., a Bangalore-based BPO.

The company, which had acquired 74 per cent stake in Tejas in 2005, bought out the balance 26 per cent now, a company release here said.

However, Tejas promoters would continue to manage and run the company as a subsidiary of Valuemart, the release said.

Valuemart Managing Director C K Vasudevan said ''the acquisition will further consolidate Valuemart's position in the fast growing legal BPO segment. Tejas has bagged three new clients in the current quarter and is expected to achieve a turnover of USD 1.5 Million during 2006-07.'' UNI MSP GD RKN1342

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more