By Pramugdha Mamgain
India’s third largest software services firm Wipro is acquiring 26 per cent stake in IT consulting firm Drivestream for a consideration of nearly Rs 5.2 crore ($809,690), it announced on Tuesday. The deal will see Wipro acquiring 19,679 preferred stock and 27,865 common stock, equating to 26.1 per cent of… Read more »
IT firm Cognizant on Tuesday announced that it has entered into a definitive agreement to purchase Health Care Service Corporation’s (HCSC) subsidiary TMG Health. Financial details of the deal were, however, not disclosed. As part of the deal, TMG Health will enter into a new, expanded multi-year service agreement to… Read more »
Plans to raise $120m through fresh share issue and offer for sale from existing investors.
The sell-off plan is part of Equis’ strategic review of Asia portfolio.
They can now list without majority shareholders being classified as promoters.
Catalyst was co-founded by ex Goldman Sachs and Asiabridge Capital employees
The discussions are at an early stage and may not lead to a sale.
BSE is selling 27.2 million shares in the IPO.
The company is now going national and might possibly even go overseas.
Naren Gupta, co-founder & MD of Nexus Venture Partners, has joined the board.