Cognizant to acquire Belcan for nearly Rs 10,861 cr to diversify operations
New Delhi: American IT firm Cognizant on Tuesday said it has signed an agreement to acquire digital engineering company Belcan, LLC at a purchase value of about USD 1.3 billion (about Rs 10, 861 crore). The buyout comprises USD 1.19 billion in cash consideration and a fixed 1.47 million Cognizant shares worth USD 97 million based on Cognizant’s closing share price on June 7, 2024.
