Hyderabad-based Itelligence India Software Solutions Private Limited, a subsidiary of Germany’s itelligence AG, acquired 100% of Hyderabad-based Vcentric Technologies Private Limited for an undisclosed amount. Vcentric had revenues of around Rs 72 crore and profits of Rs 1.59 crore in 2015-16, according to VCCircle.
Khaitan & Co advised
Khaitan’s team also on due diligence aspects:
Khaitan commented in a press release: “The deal involved complicated legal issues. The client benefited immensely from our domain expertise. The team had to come up with solutions for complicated legal and commercial issues within strict timelines, which was appreciated by the client.”
2017-09-22
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.