Crompton Greaves to hive-off informatics unit to iBilt
Facebook Twitter google+ RSS Feed

Crompton Greaves to hive-off informatics unit to iBilt

By SiliconIndia   |   Friday, 31 October 2003, 08:00 Hrs   |    1 Comments
Printer Print Email Email
MUMBAI: Crompton Greaves is to hive-off its Bangalore-based informatics business to iBilt Technologies limited for Rs 1 crore.
The company proposes to enter into an agreement for disposal of the informatics business including annual maintenance contracts, inventory and employees to iBilt Technologies for a lumpsum of Rs 1 crore, it informed the Stock Exchange, Mumbai on Thursday.

The board of directors, while granting in-principle approval to suspend operations of the informatics division, had earlier authorised the management to review the company's financial and operational exposure in these business areas and take suitable action.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
Reader's comments(1)
1: [url=]buy cialis online[/url] cheap cialis cheap tramadol [url=""]viagra[/url] [LINK]diazepam online[/LINK] rwae
Posted by:Biagra56bxz - 07 Jun, 2010