Dion Global Solutions, a specialist provider of software products and solutions for capital markets globally has inked a memorandum of understanding (MOU) with Mahindra Satyam, a leading global consulting and IT services provider, pursuant to which Mahindra Satyam will acquire a strategic stake in Dion.
As a result of this development, Mahindra Satyam has agreed to acquire a significant minority stake by way of fresh issue of equity shares, subject to regulatory and board approvals and satisfaction of other customary closing conditions.
Dion Global Solutions has a portfolio of cutting-edge solutions and services for global capital markets covering portfolio management, trading, settlement, risk management, analytics, treasury and research services, and services more than 660 clients in 62 countries. The proceeds from the investment under consideration will be utilised by Dion to further enhance its offerings and its geographic reach.
