|
|
Article: INDIA'S RELIANCE MONEY EXPRESS TO BUY 51% STAKE IN UK FIRM.
- Article from:
- AsiaPulse News
- Article date:
- March 16, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MUMBAI, March 16 Asia Pulse - Anil Dhirubhai Ambani Group firm Reliance Money Express on Friday 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 ...