Asscent Infoserve is now Accentia Tech's subsi
New
Delhi,
Mar
26:
Accentia
Technologies
Ltd
today
said
Bangalore-based
Asscent
Infoserve
Pvt
Ltd
has
become
the
wholly
owned
subsidiary
of
the
company
with
the
completion
of
its
acquisition.
The
takeover
is
commensurated
with
the
issuance
of
convertibles
at
a
conversion
price
of
Rs
1.50
per
share.
With
this,
the
infrastructure
strengths
of
Asscent
Infoserve
will
be
fully
utilised
by
the
company
and
Accentia
Tech
will
have
access
to
the
600-seater
BPO
facility
located
at
Bangalore.
The
shareholders
of
the
company
have
given
their
approval
for
the
same,
a
statement
said.
Asscent
Infoserve
Pvt
Ltd
has
infrastructure
facilities
of
7,000
square
feet,
meant
for
Business
Process
Outsourcing
(BPO)
services.
UNI
Comments
Story first published: Monday, March 26, 2007, 17:28 [IST]