Hinduja Ventures has entered into a Share Purchase and Shareholders Agreement dated November 15, 2017 with Everfin Holdings, shareholder of Hinduja Leyland Finance (HLFL), for acquisition of 18,73,917 equity shares of Rs 10 each constituting 0.43% in the paid-up share capital of HLFL at a price of Rs 110 a share.

Consequent to the above, the company’s shareholding in HLFL will increase from 5.23% to 5.66% at an average price of Rs 26.98 a share.

Formerly known as Hinduja TMT, Hinduja Ventures is part of the Hinduja Group companies. It is an outsourcing company that provides IT services and BPO/contact center services to customers.

Shares of the company declined Rs 3.00, or 0.61%, to trade at Rs 489.95 at the BSE (Friday).