Khaitan Stahl Cowen and Greenberg advise Zensars acquisition of Akibia for 66 million

Bar & Bench November 24 2010

RPG Group owned Zensar Technologies, has acquired PSI Holdings Inc. (USA) subsidiary company Akibia for $66 million (Rs. 318 crore).

Khaitan & Co acted as the Indian legal counsel to Zensar India and USA with a team led by Partner Rabindra Jhunjhunwala along with Stahl Cowen Crowley Addis LLC acting as the international legal counsel to Zensar USA.

 

Greenberg Traurig LLP advised PSI Holding.

 

Speaking on the unique feature of the transaction, Partner Rabindra Jhunjhunwala stated, “The acquisition will expand Zensar’s addressable market and growth potential including broadening the solutions Zensar provides to the rapidly growing infrastructure . . .

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