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E.com Infotech (India) informs about acquisition

16 Dec 2019 Evaluate

E.com Infotech (India) has informed that the company in its BOD meeting on December 14, 2019, has decided to acquire a 51% stake in the form of equity shares in a Mumbai based private limited company. 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. 

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
TCS 2533.90
Infosys 1159.60
HCL Technologies 1423.50
Wipro 190.20
Tech Mahindra 1793.80
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