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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