Take Solutions has successfully concluded the sale of its entire 51% stake in the Malaysian subsidiary, TAKE United Sdn Bhd. for Rs 48.8 million. TAKE`s investment in this subsidiary was Rs 26.5 million. The Malaysian subsidiary contributed 2.3% to TAKE`S FY09 consolidated revenue. TAKE Solutions will continue offering its services to the Malaysian customers through the same entity in a `distributor` arrangement and also through other channels.
Source :www.biginfotech.in
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