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NIIT Technologies completes acquisition of 52.11% stake in Whishworks IT Consulting

15 Jun 2019 Evaluate

NIIT Technologies has concluded the transaction at the first closing by acquiring approximately 52.11% stake in the equity share capital of Whishworks IT Consulting, thereby acquiring control of the Whishworks IT Consulting.

The balance 0.56% stake of the first closing shall be acquired upon fulfilment of certain regulatory requirements by Whishworks IT Consulting. Consequent to the above transaction, Whishworks IT Consulting has become a subsidiary of the company with immediate effect.

NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in travel and transportation, banking and inanely, services, insurance.

Peers
Company Name CMP
TCS 2463.00
Infosys 1161.60
HCL Technologies 1378.00
Wipro 184.40
Tech Mahindra 1788.00
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