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Nexxoft Infotel to liquidate investment in subsidiary company

31 May 2013 Evaluate

Nexxoft Infotel has reviewed the operations of its 100% subsidiary company and considering the current company’s financial position and market conditions, the company has decided to liquidate the investment in the subsidiary to meet part of its obligations. The board of directors at its meeting held on May 30, 2013 has approved for the same.

Nexxoft Infotel is a premier manufacturing solutions company focused on enabling materials handling efficiency, supplier and customer collaboration, and increased demand planning accuracy.

Peers
Company Name CMP
TCS 2394.85
Infosys 1179.20
HCL Tech. 1198.60
Wipro 197.95
Tech Mahindra 1463.05
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