10th Feb 2012,Friday
The consulting and outsourcing company, Mahindra Satyam (formerly Satyam Computer Services Limited), has signed an agreement with New Delhi-based Dion Global Solutions Limited to acquire a strategic stake in the latter by way of fresh issue of equity shares.
“Mahindra Satyam will pick up around 15% stake in Dion Global initially, which is expected to be increased at a later stage,” a top official of Mahindra Satyam said, requesting anonymity.
n a filing to the BSE on Friday, Mahindra Satyam said the new equity shares will be priced at in accordance with the applicable Sebi regulations, and that the transaction will be subject to regulatory and board approvals.
Owned by billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh, Dion Global Solutions is a publicly-listed company offering solutions and services for global capital markets covering portfolio management, trading, settlement, risk management, analytics, treasury and research services.
The company, which services more than 660 clients in 62 countries, intends to utilise the proceeds from the Mahindra Satyam investment under consideration to further enhance its offerings and its geographic reach.
The consulting and outsourcing company, Mahindra Satyam (formerly Satyam Computer Services Limited), has signed an agreement with New Delhi-based Dion Global Solutions Limited to acquire a strategic stake in the latter by way of fresh issue of equity shares.
“Mahindra Satyam will pick up around 15% stake in Dion Global initially, which is expected to be increased at a later stage,” a top official of Mahindra Satyam said, requesting anonymity.
n a filing to the BSE on Friday, Mahindra Satyam said the new equity shares will be priced at in accordance with the applicable Sebi regulations, and that the transaction will be subject to regulatory and board approvals.
Owned by billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh, Dion Global Solutions is a publicly-listed company offering solutions and services for global capital markets covering portfolio management, trading, settlement, risk management, analytics, treasury and research services.
The company, which services more than 660 clients in 62 countries, intends to utilise the proceeds from the Mahindra Satyam investment under consideration to further enhance its offerings and its geographic reach.
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