• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Our Bureau

Mumbai , Aug. 11

SILVERLINE Technologies Ltd has informed the Bombay Stock Exchange of the closure of its subsidiaries in the US — Silverline Technologies Inc (STI) and SeraNova Inc (Sera) — following accumulated deficits from operations and losses due to the write-off of assets.

After adjustment for losses in subsidiaries, the stockholders' equity stood at $4.40 million as on March 31, 2003.

In view of the foregoing, STI and Sera are filing for liquidation in the US under appropriate US laws.

Article E-Mail :: Comment :: Syndication

Stories in this Section
McKesson in talks with Kshema Technologies

Copyright © 2003, 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