Genesys International has received approval for additional investments in A.N. Virtual World Tech, Cyprus, a subsidiary company (ANVWTL) by way of purchase of 839,711 equity shares of ANVWTL in one or more tranches from the existing shareholders. The consideration would payable in cash to the shareholders of ANVWTL would be around $82,50,000. On completion of purchases, the company's shareholding in ANVWTL would increase from 60.50% to 100% and ANVWTL will become wholly owned subsidiary of Genesys International.
Genesys International is an advanced mapping solutions company. With state-of-the-art infrastructure and a growing list of Fortune 500 and SME clients, it is well-positioned to play a significant role in the global GIS and Geospatial industry.
