Merrill Lynch increases stake in Vakrangee Software

Mumbai, Feb 18: Merrill Lynch, a leading foreign institutional investor (FII), has increased its holdings to 7.72 per cent in Vakrangee Software Limited (VSL), a leading integrated document management and printing management solutions provider.

The total FIIs holding in the Company has summed up to 39.49 per cent, VSL informed the Stock Exchange. Vakrangee Software Limited Chairman and Managing Director Dinesh Nandwana said, ''With our strong positioning in the government and e-governance sector, we are successfully tapping private and high growth sectors like telecom, insurance, financial services and retail. We have also ramped up our capacity by placing order on Eastman-Kodak for acquisition of a state-of-the-art 'Variable Data Digital Colour Printing Facility' from 2.4 million pages per day to 4.8 million pages per day.''

UNI