Tanla Solutions to invest Rs.20 crores in Tanla Mobile Asia Pacific Pte Ltd, Singapore

Tanla Solutions Ltd has announced that the Investment Committee at its meeting held on June 12, 2007 has resolved to invest 20 Crores INR in the capital of M/s. Tanla Mobile Asia Pacific Pte Ltd, Singapore. With this investment M/s. Tanla Mobile Asia Pacific Pte Ltd would become a wholly owned subsidiary of the Company.

The stock closed the day at Rs.388, down by Rs.7.80 or 1.97%. The total traded quantity was 25666 compared to 2 week average of 32005. The stock hit an intraday high of Rs.403.40 and low of Rs.387.90.

Source : Equity Bulls

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