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Asya Infosoft to acquire majority stake in Ideal Systems

29 Dec 2014 Evaluate

Asya Infosoft has received an approval to acquire majority stake (minimum 51% stake) in Ideal Systems. The board of directors at their meeting held on December 27, 2014 has approved for the same. Ideal Systems is a company engaged in Information Technology.

The acquisition will be by way of subscription for new shares and/or acquisition of presently issued shares, in cash or kind, upon the valuation arrived by the valuer.

Asya Infosoft is engaged in the business of providing long term finance to any person or persons or company or corporation or co-operative society or association of persons or body of individuals.

Peers
Company Name CMP
Bharat Heavy Elect. 426.25
Thermax 3475.00
Kirloskar Industries 3682.35
Skipper 561.50
INDO-MIM 1231.70
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