US-based Manpower Inc has bought 74% stake in Kolkata-based @Web_Development 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