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Conneqt Business Solutions Rs2.7 billion acquisition of majority stake in Allsec Technologies

18/4/2019
Public acquisition
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Af 2.71 billion

$ 38.985 million

Completed

18/4/2019

Overview:

  • Business support services provider Conneqt Business Solutions has acquired a majority stake in business process outsourcing firm Allsec Technologies for Rs2.7 billion from promoters Ramamoorthy Jagadish and Adiseshan Saravanan, and First Carlyle Ventures Mauritius.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firm:
JSA

Party: Conneqt Business Solutions (Acquirer)

Lawyers: Anand Lakra, Raj Ramachandran

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