Tricom to buy Godrej unit for Rs 196.3 million
Back-office services provider Tricom India Ltd said on Friday its board has approved acquisition of Godrej Global Solutions Ltd for Rs 196.3 million.
By PTI |
MUMBAI: Back-office services provider Tricom India Ltd said on Friday its board has approved acquisition of Godrej Global Solutions Ltd for Rs 196.3 million.
Godrej Global is a subsidiary of Godrej Industries Payment will be in cash and through optionally fully convertible debentures.
Godrej Global provides back office services in healthcare, data capture and data conversions, it said in a statement.
In 2007/08, the Godrej unit has revenue of Rs 165 million, it said.
Shares in Tricom closed down 0.5 percent at Rs 166.30 on the BSE.
Godrej Global is a subsidiary of Godrej Industries Payment will be in cash and through optionally fully convertible debentures.
Godrej Global provides back office services in healthcare, data capture and data conversions, it said in a statement.
In 2007/08, the Godrej unit has revenue of Rs 165 million, it said.
Shares in Tricom closed down 0.5 percent at Rs 166.30 on the BSE.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
