At the 16th annual general meeting of Digital Globalsoft
(DGS) here, R Schuster, a member of the Digital''s board
and Hewlett Packard representative, said that Digital''s
current operation and structure are in line with HP''s
operations and there is no reason to alter the current
structure of DGS by delisting the company''s stock.
currently holds a 51-per cent stake in DGS and after the
merger of its wholly-owned subsidiary in India, HP''s stake
in DGS is likely to go up to 76 per cent.
vice-chairman Hemant Sonavala said the company expects
to fund its targeted growth of 50 per cent compound annual
over the next four years through internal accruals. "A
portion of the reserves generated through profits, which
are not used to fund growth, could be paid out as dividend."