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India's Fortis Financial buys 76 pct of Australia's Capital Market Solutions

India''s Fortis Financial Services Ltd said it has a acquired a 76 pct stake in Australia-based capital market software provider, Capital Market Solutions Pvt Ltd, for an undisclosed sum.
Fortis said it made the acquisition through two special-purpose vehicles, Regius Infotech Pvt Ltd and Regius Overseas Holding Co, created specifically for this purpose.
The company also said it had settled its court case against Netherlands-based Fortis NV for using the word ''Fortis'' for all its activities except for financial products and services. (Euro Today)

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