In 1997 Epiris* invested US$9 million in the equity of an unquoted subsidiary of a Mumbai-listed manufacturer of computer hardware. In 2001 the listed parent closed down its operations and the unlisted subsidiary performed a reverse merger and was then renamed Zensar Technologies. This resulted in Epiris* owning a 23% investment in the listed entity.
Status:
Realised
Activity:
Software development services
Entry date:
September 1997
Exit date:
October 2015