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Thursday, Aug 26, 2004

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Info-Tech - Mergers & Acquisitions


Shriram Propcare buys property info portal

Our Bureau

BANGALORE: Shriram Propcare Ltd, a corporate relocation consultancy and a part of the Chennai-based Shriram Group, has acquired bangaloreproperty.com, a property information portal in an all-stock deal.

The company declined to give the value of the acquisition of the portal which has a large clientele of NRIs.

"With the merger, Shriram Propcare will foray into project marketing, which will comprise conceptualising, positioning, pricing and exclusive marketing of residential projects," said Mr R. Balaji, Chief Operating Officer of Shriram Propcare.

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