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Rediff.com  » Business » Xerox eyes 100% India arm pie

Xerox eyes 100% India arm pie

May 24, 2005 14:54 IST

Xerox Corporation on Tuesday said it would increase its shareholdings in Xerox India Ltd to 100 per cent from the current 86 per cent.

"We intend to increase our stake to 100 per cent and we will extend an offer subject to FIPB approval," managing director Xerox India, Andrew Horn told reporters in New Delhi.

The remaining 14 per cent shares of Xerox India Ltd are held currently by the public, financial institutions and Modi Rubber.

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