Business Daily from THE HINDU group of publications
Saturday, Sep 02, 2006
Business Daily from THE HINDU group of publications Saturday, Sep 02, 2006 |
|
|
|
|
|
|
|
Info-Tech
-
Mergers & Acquisitions Corporate - Overseas Borrowings Prithvi targets 4-5 buys of $10-20 m each Our Bureau
Hyderabad , Sept 1 Prithvi Information Solutions, a Hyderabad-based technology company, has said that it has lined up 4-5 overseas acquisitions of $10-20 million each. The company will launch a FCCB issue worth $70 million to fund the acquisitions. Mr Satish Kumar, Managing Director, in a statement said: "The acquisitions will be made on the rationale of gaining new clients or of increasing our portfolio of services and processes. This will ensure our growth at a much faster pace than merely organic growth would have achieved." The target companies will have their marketing base in the US with facilities for operations in India. The company said that its European business is growing and that it plans to focus on its Singapore branch. Up to $5-6 million of business is expected from Europe by the close of this year. The company's Dubai branch will also be operational within a few weeks, to handle networking operations in West Asia. Prithvi is already in talks with Nokia Middle East, among others. It operates in the areas of technology outsourcing, business intelligence solutions, process outsourcing and networking.
More Stories on : Mergers & Acquisitions | Overseas Borrowings | Software
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, 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
|