Ma Foi acquires Axis-V e-learning company
Chennai, July 25 (IANS) City-based Ma Foi Strategic Consultants operating in the field of strategic consulting, market research and management education ventured into e-learning domain by acquiring 51 percent stake in Axis-V for an undisclosed sum, said a company official Wednesday.
"We have acquired 51 percent stake in Axis-V. My wife and I had initially invested for a small stake," K. Pandiarajan, founder and managing director Ma Foi Strategic, told reporters here.
However, he declined to share the price at which the majority stake in the Rs.3.7 crore revenue Axis-V was acquired.
Ma Foi Strategic is open for more acquisitions of companies operating in the areas of analytics, business consulting, energy consulting and other areas.
According to S. Shivkumar, managing director of Axis-V, the company majorly caters to corporates and education institutions' needs of learning.
Shivkumar holds 24 percent stake in the company and the balance is held by individual investors.
Read More: Chennai Super Kings | Faridabad City | South City-i | South City-ii | Narnaul City | Ganaur City | Karnal City | A.c.company | Dharwad City | Hubli City | Gadag City | Bellary City | Belgaum City | Chennai Gpo | Chennai Airport | Chennai National Terminal | Chennai Race Course | North Chennai Thermal Pp | Kumbakonam City | Thanjavur City So
BJP WAS NEVER A CONSTRUCTIVE OPPOSITION - SHUKLA
May 22, 2013 at 11:06 PM
MINUS SCAM THE UPA REPORT CARD IS BIASED JAVADEKAR (NNIS Exclusive)
May 22, 2013 at 10:57 PM
MANY MORE MILES TO TRAVERSE PM
May 22, 2013 at 9:45 PM