...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