Prism Informatics has entered into an agreement with Antleg Cyprus, a company registered under the Laws of Cyprus for acquisition of shares of Idhasoft (IDHA). The company has taken this step in order to increase its stake in IDHA. Antleg is major shareholder of IDHA holding 181,549,522 equity shares of Rs 1 each comprising 17.25% of present paid up equity capital of IDHA. Prim Informatics will be purchasing the shares of IDHA at the net consideration of $2 millions.
Upon acquisition of said shares of Antleg in IDHA, stake of Prism Informatics in IDHA will increase from present 21.77% to 39.02% subject to receipt of approval of Foreign Investment Promotion Board (FIPB), Bombay Stock Exchange and such other regulatory authorities as may be applicable, Prism will consequently be largest shareholder of IDHA.
Earlier on June 01, 2012, Prism Informatics had entered into an agreement for acquisition of 20.01% stake in IDHA with Glyce Gibson for increasing stake in IDHA from 20.28% to 40.29% subject to closing conditions to be fulfilled by the mutual consent of Parties. The company would be acquiring it through Prism Informatics Inc, Delaware (Prism Inc.), a wholly owned subsidiary of Prism Informatics. The said agreement however could not be implemented due to certain tax implication.
IDHA is fast-growing, global, new-generation consulting firm offering strategic advisory services to optimize revenues and drive down costs for its clients providing wide range of products and services for major industry verticals.
Prism Informatics is one of the fastest growing software development companies, with most of its business coming from its ever satisfied repeat customers. A midsized software development company, Prism's focus has been on delivering cutting edge software solutions coupled with building client relationships.
| Company Name | CMP |
|---|---|
| TCS | 4145.80 |
| Infosys | 1857.20 |
| HCL Tech. | 1874.75 |
| Wipro | 568.45 |
| Tech Mahindra | 1732.90 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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