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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (7736)	10/4/1999 8:57:00 PM
From: ratan lal	Respond to of 12475

Mohan But this research has nothing to do with God. Only the title referred to God. The article wasnt very detailed but basically this kid is looking for answers to everything and he is being heard. ratan

To: Mohan Marette who wrote (7736)	10/4/1999 9:15:00 PM
From: sea_biscuit	Respond to of 12475

Sounds like typical sadhu mumbo-jumbo. The charlatans keep peddling the same old claptrap again and again and again. What doesn't seem to register in their "all-knowing" peabrains is that one cannot possibly be spiritual on an empty stomach (or on a full bladder<g>).

To: Mohan Marette who wrote (7736)	10/4/1999 9:24:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

CompanyWatch: Kshema Tech in acquisition talks with 3 US cos kshema.com R Subramanyam-ET BANGALORE 4 OCTOBER BANGALORE-based software development company, Kshema Technologies, said that it plans to grow through acquisition. Anant R Koppar, president and chief executive officer, Kshema Technologies said that talks are on with three software companies in the US, and in six months time, Kshema would zero in on one of them. "We are looking at an US headquartered software company, with development facility in India. Besides customer base, and presence in the US, it will also give us a development team in India. We are in talks with three companies and will acquire one of them in six months time," he said. Typical acquisition cost for the kind of company that Kshema is targeting will be around Rs 10 to Rs 12 crore, he said. Kshema is also planning an initial public offering during the end of year 2000, he said. Meanwhile, IL&FS Venture Corporation Limited (IVC), and Citicorp Finance (India) Limited (Citi) have together picked up an equity of 17 per cent in Kshema for a value of Rs 15 crore, said Mr Koppar. While IVC will hold 12 per cent, Citi will hold 5 per cent of the stake in Kshema. It plans to use the money to expand its infrastructure, strengthen the resource base and extend its market reach. Besides it's three offices in the US, it will soon set up a base in Finland, where it is in the final stage of signing a contract for a healthcare project, he said. Kshema has expanded it's equity base to Rs 3.1 crore, from the initial Rs 2.5 crore, said Mr Koppar. "Since our set-up two years ago, we have grown significantly, resulting in a market valuation of Rs 100 crore," said Mr Koppar. Although, Kshema will not actively pursue further investments, it may consider strategic investments from venture capital firms on whose strength it can leverage, he said. Started by five software professionals, Kshema focuses on converging communications, healthcare, banking and finance and information technology segments. Seed investor, Sivan Securities is the largest shareholder in Kshema. Manpower based from current 250 is expected to grow to 450 by end December.