Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: VAT RATES
Mergers and Acquisitions »
 In M&A, ratings soft-pedal risks in borrowing binge
 Harvard Business School To Examine Mergers And Acquisitions In New Executive Education Program
 India Inc In Deal-Making Mode; Mergers & Acquisitions Lead The Way
 S&P 500 Futures Rally on Major Mergers and Acquisitions
 The Role Of Brand In Petroleum Mergers And Acquisitions
 Mergers and Acquisitions: What Happens After the Announcement?
 Agency mergers and acquisitions continue to be strong for first-half 2016
 The Intricacies Of Financial And Legal Relationships In M&A
 3 integration considerations for Mergers & Acquisitions
 Mergers and acquisitions take centre-stage as funding for start-ups dries up
 Mergers and Acquisitions reach highest quarterly value in India

NTT DATA to buy Intelligroup for $199 million
June, 15th 2010

Japanese IT services company NTT DATA Corporation is to acquire Intelligroup, a US firm with a big presence in India, for about $199 million in an all-cash deal.

Mobius Subsidiary Corporation, an NTT DATA arm, will make an offer to purchase all outstanding shares of Intelligroup common stock for $4.65 a share at a 21.1 per cent premium to Intelligroup's average closing stock price in the last three months.

Intelligroup has centres in Hyderabad and Bangalore. Only this year it announced its decision to focus on the Indian market, driven by a marketing office in Mumbai. The enterprise applications systems integrator provides consulting, implementation, testing, application management and infrastructure management.

The purchase will complement NTT DATA's services and solutions business. The transaction would give us access to Intelligroup's client base and specialised knowledge of SAP and Oracle, Mr Toru Yamashita, President and CEO of NTT DATA, said.

The tender offer for the acquisition would begin in the next few days and close in three weeks. The tender offer is conditional on the tender of more than a majority of Intelligroup's outstanding shares on a fully-diluted basis and other stipulations, including customary regulatory approvals. The transaction is not conditioned on financing, a combined press release said here.

SB Asia Infrastructure Fund, LP and Venture Tech Assets Private Ltd, which collectively hold about 63 per cent of the target company's common stock, have agreed to participate.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions