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Prism Informatics Enters Into MoU With Al Suwaidi Group

September 6, 2010, Monday, 15:41 GMT | 10:41 EST | 20:11 IST | 22:41 SGT

(RTTNews) - Prism Informatics Ltd. said it had signed a memorandum of understanding or MoU with AI Suwaidi Holding Co. Ltd. to buy 51% stake in Information Management Technologies business of the latter based in Saudi Arabia.

At the BSE, Prism Informatics shares are now trading at Rs.432.10, up by 1.99% from the previous close.