In order to create a simpler holding structure, the US-headquartered iGate Corp Wednesday said it plans to delist its subsidiary iGate Global Solutions from the Indian bourses.
The parent holds 80.1% stake in iGate Global and under the Indian listing norms, would need to hike its stake past 90% for delisting.iGate Global stock closed 7% up at Rs 340 on the BSE on Wednesday.On Nasdaq, iGate Corp was down 2%.
Read more in The DNA Money article.
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