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Majesco to sell US arm to PE firm Thoma Bravo for Rs 4,455 cr; stk soars 5%

Majesco US has decided to sell its company to a private equity, Thoma Bravo, LP at $13.1/share, valuing the company at $594 million. This offer price is at a 77% premium to Majesco US' last close

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SI Reporter Mumbai
Shares of Majesco were locked in the 5 per cent upper circuit band at Rs 401.15, also its 52-week high, on the BSE on Tuesday after the board of directors approved to sell its US subsidiary to private equity firm Thoma Bravo. Majesco India holds a 74.07 per cent stake in the US entity, Majesco US.

“Majesco, subsidiary of Majesco Limited, has signed a definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $594 million. Following the closing of the transaction,

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First Published: Jul 21 2020 | 12:09 PM IST

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