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Mergers & Acquisitions | 1 April 2011

Manpower Buys 74% Stake In Kolkata-Based WDC

by Deeshesh Chheda
Manpower Buys 74% Stake In Kolkata-Based WDC
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US-based Manpower Inc has bought 74% stake in Kolkata-based Web Development Company Limited (WDC).

WDC will henceforth become the exclusive vehicle for all IT-related staffing and services operations of Manpower in India.

This acquisition would strengthen Manpower's presence and capabilities in India and Asia-Pacific region.

Founders of WDC, Rahul Sharma and Harsh Hada, will hold the remaining 26% stake in the company.

Transaction Reference: Indian Express


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