from http://articles.economictimes.indiatimes.com/2006-08-15/news/27446343_1_fortis-financial-services-asian-cerc-information-technology-ranbaxy-group
The Ranbaxy Group's financial services arm, Fortis Financial Services, on Monday struck a deal to acquire a majority stake in the Bangalore based IT solutions provider Asian CERC in an attempt to establish a foothold in the IT space.
ACERC provides content and information technology solutions to broking houses in the country. The company's trading and settlement platform is used by medium and large brokerages for trading on the BSE and the NSE.
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