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AZB acts on NIIT Tech buy of Whishworks IT consulting company (Apr ‘19)

New Delhi, 06th April, 2019: NIIT Technologies Limited, a leading global IT solutions organization, today announced that it has signed a definitive agreement with WHISHWORKS IT Consulting, an IT services and consulting company specializing in MuleSoft and Big Data technologies, to acquire a 53% stake initially, with the remaining equity to be acquired over the next two years through pay-outs linked to financial performance.The transaction closure is subject to fulfillment of certain government/regulatory approvals.

Company Press Release

AZB & Partners advised WHISHWORKS IT Consulting Private Limited and its promoters, led by partner Medha Marathe.


Deal value: Rs 287 crore / $41m

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.

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