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Datamatics Global Services gets approval to acquire 2.58% stake in Datamatics Staffing Services

21 Jan 2022 Evaluate

Datamatics Global Services (DGSL) has received approval from the Board of Directors to acquire 2.58% stake in Datamatics Staffing Services (DSSL), a subsidiary of the Company from the Promoters and other existing shareholders.

Datamatics Staffing Services is a subsidiary of the Company (the Company) in which it holds 97.42% stake and balance 2.58% stake is held by Promoters and other shareholders. DSSL is engaged in providing consultancy in relation to recruitment services of skilled and unskilled personnel. It also engaged in providing outsourcing services of manpower staffing to corporates.

Post above acquisition, DSSL will become Wholly Owned Subsidiary of the Company.

Datamatics Global Services provides intelligent solutions for data driven businesses to increase productivity and enhance the customer experience.

Peers
Company Name CMP
TCS 2493.00
Infosys 1166.10
HCL Technologies 1432.00
Wipro 198.25
Tech Mahindra 1821.05
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