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COMPUTERSHARE BUYS MAJOR STAKE IN INDIAN FIRM.
SYDNEY, Feb 2 Asia Pulse - Australian IT group Computershare Ltd (ASX:CPU) has bought a $A10 million ($US7.6 million) half stake in India's leading securities and mutual fund registry business.
Computershare said it had purchased a 50 per cent interest in the business, owned and operated by Karvy Consultants Ltd.
It said Karvy's existing business would be renamed Karvy Computershare Private Ltd, with both Karvy and Computershare having equal stakes.
Computershare Asia Pacific managing director Stuart Crosby said Karvy was a leader in the Indian market, managing over 16 million share and mutual fund holder accounts.
"The Indian securities market infrastructure and regulatory ...
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Source: HighBeam Research, COMPUTERSHARE BUYS MAJOR STAKE IN INDIAN FIRM.