Teamlease to acquire staffing biz of e-centric
  • WebDesk BTVI
  • Feb 21 2019

The transaction is expected to close before end of April 2019. The IT Staffing vertical of E-Centric has a turnover of over Rs 45cr in FY18. The company will pay 4.5x PBT by way of slump sale on a going concern basis. Consideration will be payable in 2 tranches