Tanla Picks Up 5% More In Openbit

Indian mobile VAS company Tanla Solutions has picked up an additional 5 percent stake in Tanla Oy. Tanla Oy, previously known as Openbit Oy, is a Tampere, Finland headquartered mobile payments company that Tanla Solutions had acquired 85 percent stake in for $15.8 million in, in June 2008. With this acquisition, Tanla Solutions’ stake in Tanla Oy has increased its stake to 90 percent. Openbit Financials According to Tanla Solutions, in the Jan-March quarter of 2009, Openbit did Rs. 32 c