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Datamatics Global Services acquires 18.91% stake in subsidiary company

15 May 2019 Evaluate

Datamatics Global Services has acquired balance 18.91% equity stake i.e. 10,40,000 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 the company’s 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 2354.45
Infosys 1111.00
HCL Technologies 1363.30
Wipro 173.70
Tech Mahindra 1648.70
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