• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, Feb. 6

California Software Company Ltd (Calsoft) has reduced its group's equity interest in American HealthNet Inc. (AHN), US, to 18.5 per cent from 51 per cent.

Calsoft's wholly owned subsidiary CSWL Inc, US, sold 34 per cent equity interest in AHN to Andorra Services - an investor in AHN and an angel investment and venture capital company - for $ 300,000 (around Rs 1.35 crore), according to a Calsoft press release. Calsoft, a Chennai-based IT company, acquired a majority stake in AHN in February 2005. With this divestment the results of AHN will no longer form part of the consolidated results of Calsoft group from the current ongoing quarter fourth of 2006-07.

More Stories on : Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Reliance Comm's FLAG slaps notice on VSNL for $406 m

Copyright © 2007, 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