Majesco shares rise over 20% after Thoma Bravo offers better deal to US arm

Shares of Majesco have shot up over 20 per cent this week after its US arm signed an amended agreement to sell Majesco US to private equity firm Thoma Bravo.

The revised price is $16 per share, up from the earlier offer of $13.1 per share, valuing the company at $729 million (Rs 5,467 crore). The revised offer from Thoma Bravo came after Majesco received an acquisition proposal from an unaffiliated third party.

This development has come as a bonus for domestic shareholders. Already, Majesco’s stock has skyrocketed from Rs 350 levels to Rs 630, following the earlier offer.

Shares of Majesco ended