New Delhi, Feb. 17: HCL Technologies has acquired a 43 per cent stake in Aquila Technologies, making the latter its 100 per cent subsidiary. HCL Tech had made a strategic investment and acquired a 35.5 per cent stake in Aquila in May 2002 followed by the acquisition of another 21.5 per cent in July 2004. ?The existing shareholders have now agreed to exit the venture. The company has accordingly acquired the balance 43 per cent stake through Shipara Technologies,? HCL said.
New Delhi, Feb. 17: Glenmark Pharmaceuticals Ltd?s shareholders have approved the alteration of its authorised share capital through a postal ballot. The shareholders have also approved the issue of fully paid bonus shares of Rs 2 each in the ratio of 1:1.
Mumbai, Feb. 17: Jet Airways (India) Ltd will pay up to $7.5 million to acquire trademark and intellectual property rights from Naresh Goyal-promoted Jet Enterprises Private Ltd.
New Delhi, Feb. 17: With $140 million in cash, software firm i-flex Solutions said today it is planning to buy out software product companies as part of its expansion efforts.
Mumbai, Feb. 17: SKF?s net profit jumped 75.58 per cent jump to Rs 56.61 crore for the year ended December 31, 2004, compared with Rs 32.20 crore in 2003.
