French back office provider Accelya has acquired a controlling interest in outsourcing services firm, Kale Consultants. Accelya has acquired 35.61% stake at Rs 172 per share in Kale ConsultantsPost- acquisition, promoters of Kale Consultants will completely exit the company. However the company says that its MD and CEO Vipul Jain will still remain in the post. The deal will help Kale to reach wider markets, adds the company.
As reported earlier in July, the acquisition will trigger an offer of 20%.
