Question

Name the Indian IT services company taken over completely by Citigroup for about $126 million?

Answer 1

Answer:

E-Serve International

The Indian company provides call center, transaction processing and data management services and has clients in 25 countries, including the United States, the United Kingdom and Australia. It has a staff of about 4,500.

Explanation:

• American based Citibank is said to have owned about 44 percent of shares in the Indian company through its Citibank Overseas Investment unit.
• It is now increasing its stake to 100 percent hence the acquisition, publicly announced  Mumbai-based e-Serve