Financial Daily from THE HINDU group of publications
Saturday, Sep 14, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Info-Tech - Mergers & Acquisitions


Cyber Tech to buy Cyber Tech Europe

Our Bureau

MUMBAI: The board of Cyber Tech Systems & Software Ltd has approved the acquisition of 100 per cent equity of Cyber Tech Europe (CTE) from Cyber Tech Systems Inc, thereby making CTE a wholly-owned subsidiary of the company.

In a notification to the stock exchanges, the company said that the approval has been given for the purchase consideration of up to $1 million for the acquisition and an additional investment of up to euro 1 million in CTE, subject to regulatory requirements.

Send this article to Friends by E-Mail

Stories in this Section
Telecom operators' capex put at Rs 1,30,000 cr


Bengal initiates steps to redraft IT policy
CAT Centre to buy stake in US firm
Cyber Tech to buy Cyber Tech Europe
WorldTel not keen on India; Reliance tie-up off
ITC e-choupals soon to sell life insurance
Broadband Net access
Teams from Taiwan Singapore, Thailand to attend summit
Chennai to host hardware expo
Financial strength of tech suppliers under scrutiny


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line