Hewlett Packard is to complete its takeover of its Indian outsourcing arm, Digital Globalsoft at a higher than anticipated price.
The US company, through its Hewlett Packard Leiden BV subsidiary, set the price through a reverse book build process.
HP already owned just over 50% of the firm, and the INR850 per share price sets the value of the remaining stake at around $308m. HP originally expected to pay around INR750 per share for the outstanding stock.
This article is based on material originally published by ComputerWire