Financial Daily from THE HINDU group of publications
Saturday, Apr 30, 2005
Financial Daily from THE HINDU group of publications Saturday, Apr 30, 2005 |
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Info-Tech
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Mergers & Acquisitions Cisco, Macromedia to pick up 18.2 pc in Indiagames Our Bureau
MUMBAI: Cisco Systems and Macromedia are jointly picking up a stake of 18.2 per cent in Indiagames Ltd for $4 million. The acquisition is through subscription to new shares. The original promoter of the company, Mr Vishal Gondal, will continue to hold 19.4 per cent in the company. Following Cisco and Macromedia's investments, TOM Online's share in Indiagames will be diluted to 62.42 per cent.
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