SQL Star to acquire Mindlogicx in all-share deal

MUMBAI: Software training company SQL Star International today said it will acquire IT education firm Mindlogicx in an all-share deal.

“Post merger of SQL Star with Mindlogicx, there will be capital restructuring where we have agreed on equity swap ratio of four Mindlogicx share for five SQL Star share,” SQL Star Managing Director Sunil Gupta said.

The company in a BSE filing said its board has approved amalgamation of Mindlogicx with it.

Gupta said post this merger, SQL will absorb over 400 existing employees of Mindlogicx.

“The joint workforce of SQL will be 800 after restructuring,” he said.

At present, SQL Star offers its services through eight training centers located at Hyderabad, Kolkata, Chennai, Bangalore, Mumbai, Delhi and Pune and has a clientele which includes Oracle, TCS, Infosys, Wipro, Accenture, Metro Rail, Schneider, among others.

Shares of SQL Star closed higher by 3.64 per cent at Rs 5.70 on the BSE.

Advertisements

, , , ,

  1. #1 by it training on September 29, 2012 - 11:38 pm

    Heya i’m for the primary time here. I came across this board and I in finding It really useful & it helped me out much. I hope to give something back and aid others like you aided me.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: