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Article: Rel Money Express to buy 51pc stake in UK firm; expand base.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- March 13, 2009
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Rel Money Express to buy 51pc stake in UK firm; expand base
Mumbai, Mar 13 (PTI) Anil Dhirubhai Ambani Group firm Reliance Money Express today said it will acquire a majority stake in UK-based money transfer firm No1 Currency and expand the company's base to over 500 outlets within six months.
"The company would acquire 51 per cent of No1 Currency and the deal will be completed most probably by the end of this month. We aim to expand the number of outlets from the present nearly 300 to 500 within the next six months," Reliance Money Express Director and CEO Sudip Bandyopadhyay said.
However, Bandyopadhyay declined to divulge any financial ...