![]() Financial Daily from THE HINDU group of publications Saturday, Sep 14, 2002 |
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Info-Tech
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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.
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