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Japan’s CAC Corp to buy 51% stake in IT services firm Accel Frontline

Monday, December 9, 2013 | More »

Japan’s CAC Corporation is picking up at least 51 per cent stake in Chennai-based IT services company Accel Frontline Ltd. The deal involves CAC Corporation picking part of the stake held by promoters of Accel Frontline and besides fresh infusion of capital. This will be followed by an open o...

Accel Acquires 51% Stake In Accel Frontline For $11M

After selling nine per cent of its stake in IT services joint venture Accel Frontline Ltd to British Telecom in 2008, promoter Accel Group has done a volte-face and bought a majority stake in an off-market deal, announced last week. Accel has paid $11 million (Rs 50 crore) to BT Frontline, Singapore...

9 August, 2011 | More »