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Pentamedia plans to take over 10 companies by March

Pentamedia plans to take over 10 companies by March

Author | NULL | Monday, Jan 01,1900 8:41 PM

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Pentamedia plans to take over 10 companies by March

Pentamedia Graphics has embarked on an agressive $100 million global acquisition spree of taking over of as many as 10 companies by March 31 next.

An extraordinary general meeting of the company's shareholders held in Chennai, gave the green signal for the acquisitions, which would help the company to expand its global operations base substantially.

Mr. V Chandrasekharan, chairman and CEO of the company said that out of the 10 companies, four were based in India and the rest overseas, which included the US-based Film Roman, the acquisitions proceedings of which were almost complete.

The investments by Pentamedia for these acquisitions would be mainly through global depository receipts /American depository receipts, he said, adding, the acquisitions were a part of the company's present strategy of inorganic growth.

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