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Datamatics Global Services acquires additional stake in subsidiary company

20 Mar 2019 Evaluate

Datamatics Global Services has acquired additional 10% equity stake consisting of 5,50,000 fully paid Equity Shares of Rs 1 each in Datamatics Digital (Earlier known as Techjini Solutions), the Subsidiary Company.

The objective of this acquisition is to further strengthen Datamatics' enterprise mobility offerings through target Company's range of smart technology solutions. It will enable the acquirer and target Company to offer wider and comprehensive suite of solutions to their existing customers and expand operations in India and US.

Datamatics Global Services is a premier provider of end-to-end BPO and IT solutions spanning consulting, technology architectures and business process management.

Peers
Company Name CMP
TCS 2083.95
Infosys 1000.95
HCL Technologies 1259.40
Wipro 164.15
Tech Mahindra 1547.00
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