ITC Infotech arm acquires Pyxis Solutions
ITC Ltd has announced that the Company have been advised by ITC Infotech India Ltd ('I3L', a wholly-owned subsidiary of the Company), vide their letter dated August 18, 2008, that ITC Infotech (USA), Inc. ('I2A', a wholly- owned subsidiary of I3L) have acquired the entire Membership Interest of Pyxis Solutions, LLC ('Pyxis'), a New York limited liability Company, on August 11, 2008.
The Board of Directors of I2A at its meeting held on August 18, 2008 have taken on record that consequent to the aforesaid acquisition Pyxis became a wholly-owned subsidiary of I2A. Accordingly, Pyxis also became a wholly-owned subsidiary of the Company.
The ITC stock was trading at Rs.186.05, down by Rs.1.55 or 0.83%. The stock hit an intraday high of Rs.188 and low of Rs.184.30.
The total traded quantity was 170609 compared to 2 week average of 705396.
Tuesday, August 19, 2008
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