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E.Com Infotech to acquire 51% stake in Mumbai based company

16 Dec 2019 Evaluate

E.Com Infotech (India) has decided to acquire a 51% stake in the form of equity shares in a Mumbai based company. The company in its board meeting on December 14, 2019, decided the same.

The proposed start-up as Freebird Aerospace India will focus on the Aerospace vertical and is planned to be registered under the Startup India scheme announced by the Government of India.

E.Com Infotech (India) is a software and educational consulting company, which offers solutions in access management, anti-money laundering, data storage management, identity management, and the Tivoli access manager for enterprise single sign-on providing simple authentication capability across applications. 

Peers
Company Name CMP
TCS 2079.30
Infosys 1035.00
HCL Technologies 1246.00
Wipro 159.50
Tech Mahindra 1539.00
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