Business Daily from THE HINDU group of publications
Tuesday, November 27, 2007
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Business Daily from THE HINDU group of publications Tuesday, November 27, 2007 |
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News Update as at 18.00 hrs (IST)
Info-Tech Sanra Software to acquire Acropetal Animation MUMBAI: Sanra Software Ltd has informed the BSE that the board at its meeting held on November 26 has decided to acquire the business of Acropetal Animation Pvt Ltd, Bangalore. The existing business of Acropetal Animation Pvt Ltd will be valued and the board has appointed a committee to move ahead the process of acquisition through Business Transfer Agreement and fix the value of the business a sum not exceeding R 8 crore. The company said the intellectual properties in the name of Acropetal Animation Pvt Ltd and Mr. Narsimhan (promoter & Managing Director) shall be produced and marketed by the company globally on a royalty sharing basis The board expects that this has the potential of generating income of about $10 million in the next 2-3 years.
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