Accentia gets extension for its SEZ implementation at Cochin

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STILL SEE DOWNSIDE RISK FOR THE ECONOMY
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ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
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SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 06/11/2009 | 12:00 AM IST

Manufacturing

Capital Market

Friday, November 06, 2009 (New Delhi)

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A leading global Healthcare Receivables Cycle Management (HRCM)

Accentia Technologies, a leading global Healthcare Receivables Cycle Management (HRCM) organization engaged in the areas of medical documentation, medical coding, billing, receivables management and Integration and restructuring solutions to the healthcare service organizations has secured extension for its SEZ implementation at Cochin from the development commissioner.

Development commissioner, vide his letter 04 August 2008; inforpark SEZ/31 has informed the company that the approval for the SEZ has been extended till 17 November 2011. As the landing city of many undersea cables and home to a large high potential educated graduated and post graduates, the company intends to set up its legal process outsourcing and media monitoring and research activities from Cochin which requires high bandwidth requirements.

Mumbai based Accentia has units in Portland, Oregon, USA, Ft. Lauderdale, FL, USA, New Jersey, USA, RAK, UAE, Bangalore, Hyderabad, Calcutta, Chandigarh, Trivandrum, Cochin, Bhubaneswar etc.

The company made this announcement during the trading hours today, 06 November 2009.