Business Standard: Recreate Solutions, a provider of technology enabling services to the interactive television industry, is planning an initial public offering next year.
Raj Parmar, president and co-founder of Recreate Solutions, said: “The company is planning an initial public offering (IPO) next year. At present, we are focusing on our new offshore development centre in Infocity, Gandhinagar. We have incurred an initial investment of Rs 1 crore ($0.22 million) for the center.”
Recreate Solutions operates in the core areas of interactive TV, mobile gaming and e-learning. Its clients include Reuters, Siemens, BT Broadcast, British Film Institute, Film and Television Institute of India, Film Division India etc.
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