RPG to buy out Fujitsu in Zensar, gets majority stake

The RPG group has signed a share purchase agreement to buy out its partner, the Fujitsu group of companies, in its IT services JV, Zensar Technologies

Following this, the RPG group’s stake will double from its existing 29% giving it a majority 58% shareholding in the firm and also making it the single largest shareholder. The Fujitsu group’s 6.9 million shares will be purchased by Jubilee Investment and Industries, which is part of the RPG group.

Read more in The Economic Times article