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Aftek's European affiliate buys stake in German co
By siliconindia staff writer
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Tuesday, 29 June 2004, 19:30 IST
MUMBAI: A European affiliate of India's Aftek Infosys has bought a 56 per cent stake in Germany's Seekport Internet Technologies GmbH, the Bombay Stock Exchange said on Monday.
The Seekport acquisition was made by Arexera Information Technologies GmbH and its employees, the BSE said, without indicating the value of the acquisition.
Aftek Infosys owns a 49 per cent stake in Arexera and has a "firm understanding" to buy the remaining 51 per cent stake.