San Francisco-based IT consulting company Infogain will acquire the IT operations of Blue star Infotech (BSIL), to bolster its digital offerings in areas including cloud, mobility, SAP and analytics. The aggregate consideration for the IT business of BSIL and its subsidiaries in USA, UK and Singapore under the transaction will be Rs 180.80 crores, payable upon completion of the sale. In addition, BSIL would retain a real estate undertaking, a certain amount of cash and tax receivables. The fair value of these net assets to be retained by BSIL is expected to be around Rs 96.7 crores. The sale transaction is subject to the approval of shareholders of BSIL
Blue Star Infotech, a digital transformation consulting and services company, combines the best of engineering, creativity and technology to deliver the next generation of software solutions to its global customers and enable them to be future-ready. Part of the well-known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore.
Company Name | CMP |
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TCS | 3866.25 |
Infosys | 1435.75 |
HCL Tech. | 1387.10 |
Wipro | 462.95 |
Tech Mahindra | 1285.95 |
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