Ramco to buy 18.9% stake in cloud startup SmartMegh

Chennai-based software solutions provider Ramco Systems Ltd has agreed to acquire an 18.93 per cent stake in cloud-based enterprise applications provider Smartmegh Solutions Pvt Ltd for around Rs 1.5 crore (around $222,000) in cash. Ramco will purchase 2,335 shares of Smartmegh for Rs 6,424 apiece, ...