Edition:
India

Silverlake Axis Says To Acquire 80 Pct Stake In XInfotech Group


Friday, 9 Nov 2018 

Nov 9 (Reuters) - Silverlake Axis Ltd ::ACQUIRES XINFOTECH GROUP TO OFFER DIGITAL IDENTITY AND SECURITY TECHNOLOGIES.TO ACQUIRE AN 80% STAKE IN XINFOTECH GROUP.REMAINING 20% IS SUBJECT TO A PUT AND CALL OPTION WHEN CERTAIN CONDITIONS ARE MET IN FUTURE.ACQUISITION OF 80% STAKE IN XINFO COMPRISES AN INITIAL CONSIDERATION OF EUR17.6 MILLION. 

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