Maars Software International announced on Wednesday that the board of directors approved to enter into joint venture in real estate business across India to develop residential and commercial complex with an estimated project cost of about Rs 20 billion. 
The board also approved to set up subsidiary company in the name of MAARS International to foray into media, entertainment and film distribution business with total project outlay of nearly upto Rs 1 billion.
Maars Software International was formed in 1996 in Chennai. It provides enterprise resource planning (ERP) solutions, client server applications, GUI frontends, CRM and eBusiness solutions. It has offices in Bangalore, Chennai and Chicago (US).
Shares of the company gained Rs 0.32, or 4.95%, to settle at Rs 6.79. The total volume of shares traded was 2,889,590 at the BSE. (Wednesday)
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