Friday, March 2, 2007

RPG Group to buy out Fujitsu's stake in Zensar Technologies

The Economic Times reportsthat the RPG Group has entered into an agreement with Fujitsu of Japan to buy out the latter's stake in Zensar Technologies Limited. Zensar is a 50:50 IT joint venture between Fujitsu and the RPG Group. The 6.9 mn shares held by Fujitsu will be bought by Jubilee Investment and Industries Limited, an RPG Group company.

Related Posts:
Zensar Technologies buys US-based IT firm ThoughtDigital for $24.9 mn
Fujitsu in talks to buy out Intelenet Global Services, eyes acquisitions in the IT space

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