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DATAMATICS GLOBAL SERVICES LTD. - Announcement under Regulation 30 (LODR)-Acquisition
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27 May 2021
This is to inform you that Datamatics Global Services Limited (&apos;the Company&apos;) had a Joint Venture agreement with Cybercom Group AB (&apos;CYBERCOM&apos;) through a JV Company i.e. Cybercom Datamatics Information Solutions Limited (&apos;CDIS&apos;/ &apos;JVC&apos;) and that the Company is holding 50.50% shares and CYBERCOM is holding 49.50% shares in the JVC; &lt;BR&gt; &lt;BR&gt; Further to inform you that, the Board of Directors of the Company at its Meeting held on May 26, 2021, has approved, to acquire 49.50% stake in Cybercom Datamatics Information Solutions Limited (&apos;CDIS&apos;) held by CYBERCOM and on completion of aforesaid acquisition of shares, CDIS will become Wholly Owned Subsidiary of the Company. Accordingly, Joint Venture Agreement between the Company and CYBECOM will be terminated on completion of acquisition&lt;BR&gt;
View all announcements for DATAMATICS GLOBAL SERVICES LTD. Source: BSE India