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Thursday, December 06, 2007
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Equity News
Dec 5 2007 2:11PM
Axon Infotech completes 51% stake acquisition of Quasar Innovations
Axon Infotech has formally completed the acquisition of 51% stake in Bangalore based Quasar Innovations. For acquiring the said stake the company has mobilized funds through unsecured loans and invested the same for the purpose of acquisition of 51% stake. Firstcall India Equity Advisors has organized the funds for the company for acquiring 51% stake.

Further, the company has appointed Satish Kumar Manocha as director on the board.

The company made this announcement during the trading hours today, 05 December 2007.

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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
Registration Number Capital Market :- INB 011234839 | NSE SEBI Registration Number Derivatives :- INF 231234833 Commodities : Trading through Reliance Commodities Limited | MCX member code: 29030 | NCDEX member code: NCDEX-CO-05-00647|
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