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Blue Star Infotech announces sale of its IT biz to Infogain for Rs 180 crore

On Tuesday, the Blue Star Group’s entity, Blue Star Infotech Ltd (BSIL) has announced the sale of its IT business to Infogain Inc for an aggregate consideration of Rs 180.80 crore.

The company said in a statement, BSIL will sale of its IT business to Infogain Inc. The aggregate consideration for the IT business of BSIL and its subsidiaries in USA, UK and Singapore under the transaction will be Rs 180.80 crore, payable upon completion of the sale.

It further added, BSIL will retain a real estate business and other assets, the fair value of which is expected to be around Rs. 96.7 crore.

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