UBICS TO BUY OUTSTANDING STOCKS OF R SYSTEMS

Article Abstract:

Ubics Inc, the Nasdaq-listed software company of the UB Group, has entered into an agreement to buy all the outstanding stocks of the privately-held R Systems of the US. Ubics is to issue 4,748,000 shares of common stock to shareholders of R Systems and its affiliates. Mr Vijay Mallya will be the chairman while Mr Rekhi, chief of R Systems, will be the chief executive officer of the combined company which will be renamed as Rubics Solutions Inc. R Systems is an information technology professional services firm with offices in the US, Japan, India and Singapore while Ubics provides IT services to organisations in client/server design and development, electronic commerce applications and implementation of enterprise resource packages. (khr)

Computer Services, Computer Systems Design and Related Services, Information technology services, E-commerce software, R Systems Inc., Ubics Inc.

---

JACOBS ENGINEERING UPS STAKE IN INDIAN ARM

Article Abstract:

Jacobs Engineering Group (JEG) of US has increased its stake in its Indian subsidiary Humphreys & Glasgow Consultants Pvt Ltd (HGC) from 40 percent to 70 percent. HGC will henceforth be called Jacobs H&G Ltd. JEG and HGC have worked jointly on several projects, including engineering and start-up services for Oswal Chemicals and Fertilizers and capacity augmentation of the ammonia plant of Coromandel Fertilizers. (um)

Engineering Services, Parent-to-subsidiary activities, Jacobs Engineering Group Inc., JEC, Humphreys and Glasgow Consultants Pvt Ltd

---

Similar abstracts:

• Abstracts: EID TO HOLD MORE CFL STAKE RIL DENIES PICKING UP STAKE IN IPCL
• Abstracts: GE CAPS CAN RAISE HOLDING UP TO 75% F&S TO UP HOLDING IN SACHS INDIA
• Abstracts: L&T TO MAKE OPEN OFFER FOR NARMADA CEMENT. L&T SETTING UP FRONT-END ENGG DESIGN GROUP
• Abstracts: VOLVO TO FOCUS ON CONSTRUCTION EQUIPMENT. HONDA MAY FLOAT HOLDING Co TO OVERSEE WORK IN 3 JVs. SICAL PLANNING TO INVEST Rs22 Cr IN TWO NEW JVs
• Abstracts: BHUSHAN STEEL & STRIPS LIMITED INVENTORIES IN STEEL SECTOR ON DECLINE IN AUG

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.