...raises stake in Xerox India to 100%

Xerox Corporation has announced that it is planning to raise its

share-holdings in Xerox India to 100 percent from the current 86 percent. The

remaining shares of Xerox India are held by the public, financial institutions

and Modi Rubber.

According to Andrew Horne, MD, Xerox India, the company would soon extend an

offer subject to Investment Promotion Board (FIPB) approval.

He informed this while announcing the business strategy to grow its market

share in the Indian document management industry.

CyberMedia News

New Delhi