Prism Informatics to buy 51% stake in a Saudi firm
Software firm Prism Informatics today said it will buy a majority stake in the Saudi Arabia-based Al Suwaidi Holding for an undisclosed sum
By PTI |
MUMBAI: Software firm Prism Informatics today said it will buy a majority stake in the Saudi Arabia-based Al Suwaidi Holding for an undisclosed sum.
"Prism Informatics and Al Suwaidi Holding Company has entered into a MoU for purchase of 51 per cent stake in Information Management Technologies (IMT) business of Al Suwaidi Holding Company based in Saudi Arabia," the company said in a filing to the Bombay Stock Exchange .
Shares of Prism Informatics rose 1.99 per cent to close at an all-time high of Rs 432.10 on the BSE.
"Prism Informatics and Al Suwaidi Holding Company has entered into a MoU for purchase of 51 per cent stake in Information Management Technologies (IMT) business of Al Suwaidi Holding Company based in Saudi Arabia," the company said in a filing to the Bombay Stock Exchange .
Shares of Prism Informatics rose 1.99 per cent to close at an all-time high of Rs 432.10 on the BSE.
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