Tricom to buy Godrej unit for Rs 196.3 million

Back-office services provider Tricom India Ltd said its board has approved acquisition of Godrej Global Solutions Ltd for Rs 196.3 million.

Godrej Global is a subsidiary of Godrej Industries Payment will be in cash and through optionally fully convertible debentures.Godrej Global provides back office services in healthcare, data capture and data conversions.In 2007/08, the Godrej unit has revenue of Rs 165 million, it said.