Zensar Technologies’ board has in-principally consented/authorised/approved merger of the US-based 100% step-down subsidiaries (Merging Entities) into Zensar Technologies Inc., USA, a material wholly owned subsidiary of the company. The four Merging Entities are Keystone Logic Inc., Professional Access, Cynosure Inc. and Indigo Slate Inc.
Consequent to the Merger, the Merging Entities would cease to exist as step-down subsidiaries/subsidiaries of the company. The rationale for merger is to achieve greater business synergies and higher operational efficiencies. It will also lead to effective management and unified control of operations.
Zensar Technologies, formerly known as ICIL was acquired by the RPG group in 1989. It is a globally focused software and services company spread across eighteen countries across the world.
