3i Infotech acquires majority stake in Linear Financial

3i Infotech acquires majority stake in Linear Financial
Comment E-mail Print Share
First Published: Tue, Dec 04 2007. 10 33 AM IST
Updated: Tue, Dec 04 2007. 10 33 AM IST
By PTI
Mumbai: Software services firm 3i Infotech Ltd said on 4 December it has acquired a majority stake in Delhi-based BPO (Transaction services) Linear Financial & Management Systems Pvt Ltd.
“The acquisition is in line with the stated strategy of the company, of expanding its capabilities in the domestic BPO (Transaction services) business in India,” 3i Infotech said in a communique to the BSE. However, the company did not disclose the financial details of the acquisition.
Linear, which carries its business under the brand name ‘Factoring House’ provides credit support services to banks and financial organisations. Shares of the company were last trading at Rs144.30, up 2.74% on the BSE.
Comment E-mail Print Share
First Published: Tue, Dec 04 2007. 10 33 AM IST