Hinduja Global may acquire 2 overseas cos for $60-70m each

1346 Investors following Hinduja Global. Share this News with them.

0

Like this story, share it with millions of investors on M3

Hinduja Global may acquire 2 overseas cos for $60-70m each

Hinduja Global Solutions is on the verge of two acquisitions in the US & UK. The deals which are expected to be finalised by December, are pegged at around 60-70 million dollars each.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from After the Bell on CNBC-TV18 Watch the full show » ALSO READ See latest News about Hinduja Global See previous management interviews See what other Experts & Brokerages are saying about Hinduja Global Hinduja Global BSE | NSE 31/05/12 Are Mutual Funds betting on Hinduja Global?

Hinduja Global Solutions is on the verge of two acquisitions in the US & UK. The deals which are expected to be finalised by December, are pegged at around 60-70 million dollars each. Anand Vora, CFO of Hinduja Global Solutions said, "The size of the US company is in the range of USD 70-80 million and the one in the UK is USD 25-30 million. Both these entities would be profitable entities. The US company has 2,500 to 3,000 employees, while the one in UK has between 1,200-1,500 of staff. Vora also said that the new acquisitions were expected to add around USD 100 million to the company's topline. Simultaneously, Hinduja is also learnt to be in talks for a joint venture in China.