| Madison takes stake in Bangkok-based Penada |
| BS Reporter / New Delhi December 12, 2006 |
| Madison Communications has taken a 24.5% stake in Penada, a Bangkok-based event management and allied services company, for an undisclosed sum of money. An associate company of Selvel Vantage Group, has also picked up a 24.5% stake in Penada. According to Sam Balsara, chairman & MD of Madison: |
