|
| Exchange Disseminated Time | Kellton Tech Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 18, 2013 have considered various opportunities for inorganic growth of the Company and resolved to acquire stake of Supremesoft Global Inc, USA with offices in the Washington DC Metro Area, and Hyderabad.
On acquisition of the present stake, Supremesoft will become a subsidiary of Kellton Tech Inc, which is 100% subsidiary company to Kellton Tech Solutions Ltd.
Supremesoft is engaged in the business of IT Services, and Software Development in cutting edge technologies. Their revenue for last financial year was around $9 Million.
The Process of acquisition would be completed after complying with the required statutory procedures in the due course of time, and information will be updated from time to time to the authorities. |
|
|