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 inĀ Epiris* owning a 23% investment in the listed entity.

Status:
Realised

Activity:
Software development services

Entry date:
September 1997

Exit date:
October 2015

Further reading