Coforge has acquired 60 per cent stake in SLK Global Solutions. With this acquisition, SLK Global Solutions is a subsidiary of Coforge with immediate effect. Aggregate consideration paid by Coforge for the acquisition of 60 per cent share is Rs 918.32 crore.
Earlier, Coforge had proposed to acquire equity share equivalent to 60 per cent of the total issued and paid up share capital of SLK Global Solutions, of which equity shares equivalent to 35 per cent were purchased on April 12. Coforge has acquired the second tranche of shares on April 28. Equity shares equivalent to 25 per cent were to be purchased within 23 business days from the closing date of the first tranche.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
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TCS | 3825.00 |
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