Brief: Vertoz To Acquire Webimax's 80% Stake For $5.28 Million
Nov 26 (Reuters) - Vertoz Ltd VERZ.NS: VERTOZ LTD - ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE WEBIMAX LLC VERTOZ - UNDER AGREEMENT, 80% STAKE UPFRONT FOR $5.28 MILLION VERTOZ - UNDER AGREEMENT, REMAINING 20% STAKE OVER THE NEXT THREE YEARS VERTOZ - ACQUISITION MAY ADD ABOUT 170 MILLION RUPEES OF ANNUALIZED PAT TO VERTOZ'S PROFITS Source text: ID:nNSE8GD0rM Further company coverage: VERZ.NS ((Reuters.Briefs@thomsonreuters.com;;))
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