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Coimbatore, Jan 9 IQMS Software Ltd has completed the acquisition of 51 per cent of equity stake in Tractel Solutions Inc, US, a mid-size telecom solutions company with focus on on-site and offshore works spread across North America and India. It has reputed clientele such as Bell South and AT&T and the stake acquisition will provide access to North American markets for the telecom vertical. Tractel for the year ending March 31, 2007 achieved a top line of $4.25 million and expected to grow at 25 per cent during 2007-08. The company ultimately aims to acquire 100 per cent stake in Tractel.

Mefcom Capital Markets Ltd has acquired 5 per cent strategic stake in Jaipur Stock Exchange in its recent process of demutualisation, where the company had also acted as the Lead Manager. The company proposes to play an active role in the future course of developments at Jaipur Stock Exchange.

Suzlon Energy Ltd has said that Suzlon Energy (Tianjin) Ltd, China, the wholly owned subsidiary of the company has signed two new orders with the Jingneng Group, China’s leading power project developers. The contracts call for a total of 100 MW of capacity, to be delivered by May 2008.

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