Red Hat Ireland to aquire 40% in Indian concern
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Open source major Red Hat Ireland is planning to acquire 40 per cent of the total equity in its sister concern, Red Hat India for which the latter has sought Foreign Investment Promotion Board’s (FIPB) approval.
Red Hat India is seeking to transfer around 28 lakh shares of its total 70 lakh shares to Red Hat Ireland. Red Hat India would use the amount for expansion in the country.
[Ed. A lakh equals 100,000 -tadelste]
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