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Corporate
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Diversification
Maars foray into infrastructure
Chennai, Dec. 19
Maars Software International plans to enter into joint
venture for infrastructure development across
India for developing residential and commercial complex
at a cost of around Rs 2,000 crore. It also plans to set up a
subsidiary company - Maars International Pvt Ltd - to
foray into media, entertainment and film distribution
business with a total project outlay of up to Rs 100 crore,
according to information sent by the Chennai-based
software company to the Bombay Stock Exchange (BSE).
For the quarter ended June 2007, the company reported a
net profit of Rs 2.2 lakh on turnover of Rs 8.10 crore, says
information in the BSE Web site. Company officials could
not be contacted for further details. - Our Bureau
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