Take Solutions Ltd successfully concluded the sale of its entire 51% stake in the Malaysian subsidiary, Take United Sdn Bhd., for Rs 48.8 million. Take’s investment in this subsidiary was Rs 26.5 million. The company said that the move is to ensure both the companies’ independent expansion and that it would continue offering its services to the Malaysian customers through the same entity in a ‘distributor’ arrangement and also through other channels.
Take Solutions is a leading international business technology company with solutions and technology expertise in life sciences, supply chain management, business process management and business intelligence. The Malaysian subsidiary contributed 2.3% to Take’s FY09 consolidated revenue.