India: KPIT, Birlasoft to merge to create $700m entity, later split into two listed firms

India: KPIT, Birlasoft to merge to create $700m entity, later split into two listed firms

Hands shaking over a deal.

CK Birla Group-owned Birlasoft and KPIT Technologies will merge together to create a $700-million company, which will then split into two publicly-traded companies, according to a filing to the stock exchanges.

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