Xerox is planning to raise its shareholdings in Xerox India to 100 per cent from the current 86 per cent, reports Economic Times. The remaining 14 per cent shares of Xerox India are held by the public, financial institutions and Modi Rubber.

Xerox is also revamping its Indian operations and has recasted itself into three core businesses — New Office group, production systems group and global services. The company will soon extend an offer subject to FIPB approval.

Unveiling the company`s business plans for India in `05, Mr Horne said that it would seek to drive the new business of printing to allow the graphic arts community to capture fast rising revenue streams. It will inject colour into digital office, digital production and value added services, place multi-functional devices in office and enterprise environment.

It will also engage in the small and medium business market place. The company plans to launch about 40 products this year.