Key Developments For iGate Corporation
iGate Corporation (IGTE.O) (Consolidated Issue listed on NASDAQ Global Market)
iGATE Corporation Announces Intent To File Registration Statement For Secondary Offering of Common Stock
iGATE Corporation announced that its Board of Directors approved the filing of a shelf registration statement on Form S-3. The registration statement will be filed on behalf of iGATE's co-founders and shareholders, Sunil Wadhwani and Ashok Trivedi (the Selling Shareholders) to permit the Selling Shareholders to sell up to 4,000,000 shares of iGATE's common stock from time to time, in the open market or otherwise, in order to diversify their holdings for estate planning purposes. No assurance as to whether or when the offering will be completed or the exact number of shares which will be sold by the Selling Shareholders can be given. iGATE will not receive any proceeds from the sale of shares.
iGATE Corporation Forays Into Healthcare-Business Standard
Business Standard reported that iGATE Corporation is foraying into healthcare space.
iGATE Corporation Decides Not To Participate Further In The Bidding Process For Satyam Computer Services Limited
iGATE Corporation announced that based on further analysis it has decided not to participate further in the bidding process for Satyam Computer Services Limited.
iGATE Corporation Announces Business and Capital Alliance with CAC Corporation
iGATE Corporation announced that it has decided to sign a business and capital alliance with CAC Corporation. Under the business alliance agreement, the Company will provide global support for CAC Corporation's customer corporations, as well as improve outsourcing business with high quality to CAC Corporation's customers and exploration of two companies' new market worldwide. Under the capital alliance agreement, CAC Corporation will purchase 2.5% of the Company's total shares outstanding.
iGATE Corporation Says Not To Bid For Satyam Computer Services Limited At Current Market Price-Business Standard
Business Standard reported that iGATE Corporation said it would not go for Satyam Computer Services Limited at its current market price and sought more clarity on the financials and liabilities of the target company before the final bidding.
