ICICI Asset Managment Co & Chescor picks us up 11% stake in QA1 India.
Feb 24, 2000
FII, mutual fund pick up 11% in QAI India
NEW DELHI: Prudential ICICI Asset Management Company and Chescor, a foreign institutional investor (FII), have together picked up a 11 per cent stake in software consulting and training company, QAI India.
No financial of the deal, facilitated by Development Bank of Singapore Capital Trust Securities India Pvt. Ltd, has been disclosed by the company in a release issued here on Thursday.
According to Mr. Navyug Mohnot, Executive Director of QAI India, the money will be used for transforming the company into a global knowledge corporation.
QAI India, set up in 1994, provides consulting, training, benchmarking, certification etc in the area of software engineering and management.
-Business Line |
