3i Infotech to buy out stake in China JV

Wed Jul 15, 2009 12:34pm IST

[-] Text [+]

MUMBAI (Reuters) - 3i Infotech Ltd said on Wednesday it has agreed to buy out Elegon Technologies from its Chinese joint venture partner Yucheng Technologies, by acquiring 49 percent stake in the JV from Yucheng.

As a result, Elegon will become a unit of 3i Infotech, it added.

(For more news on Reuters Money click in.reuters.com/money)

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