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Datamatics Global Services’ shareholders rejects deal to divest stake in Cignex Datamatics

23 Jan 2020 Evaluate

Datamatics Global Services’ (DGSL) shareholders has rejected the proposed resolution to divest stake in one of its subsidiaries -- Cignex Datamatics Inc. The parties are reworking on the revised structure and commercial terms, as a result of which the current Share Purchase Agreement is likely to undergo a substantial change.

Earlier, the company had planned to strategically divest its stake in Cignex Datamatics Inc. to Relevance Lab, through a share-swap arrangement.

Datamatics provides Intelligent Solutions for data driven businesses to increase productivity and enhance customer experience.

Datamatic Global Ser Share Price

747.70 13.65 (1.86%)
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