India: Arvind unit Syntel Telecom buys 2 Enkay Technologies firms

India: Arvind unit Syntel Telecom buys 2 Enkay Technologies firms

Sanjay Lalbhai, chairman and managing director, Arvind Ltd. Photo: Jaydip Bhatt/Mint

Syntel Telecom Ltd, a unit of Arvind Ltd, has signed a deal to buy two divisions of Enkay Technologies (India) Pvt. Ltd, two persons aware of the development said. Mumbai-based investment bank Singhi Advisors was the sole adviser in the transaction. The deal value could not be ascertained.

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