KPIT, Birlasoft to merge and split into two publicly-traded companies

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CK Birla Group-owned Birlasoft and KPIT Technologies will merge together to create a $700-million company, which will then split into two publicly-traded companies, a complex procedure that will create two specialised IT players.

Birlasoft and KPIT promoters will launch an open offer for KPIT’s minority shareholders. Birlasoft will first merge with KPIT and then split the combined company into two units — a $500-million enterprise digital IT services company and a $200-million co .

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