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Dolat Capital Report
Majesco India Ltd.’s 74% controlled subsidiary entity that got sold to Thoma Bravo LP (PE player) just couple of weeks back, received a counter offer from another party and then subsequently revised offer from Thoma Bravo at 16 U.S. dollar per share (23% higher than previous offer).
Majesco U.S. board has now accepted the revised offer and thus would now imply transaction proceeds at about Rs 1,034 per share (post transaction tax).
Majesco India price has rallied about 67% in last three weeks post the announcement of the deal and would now see further up-move hereon.
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