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Monday, August 8, 2011

Accel Buys 51% Stake In Accel Frontline For $11 Million

Date:09/08/11,
M&A,
Cross Border Deal,

Accel Ltd, a Information Technology and media firm, acquires 51% stake held by British Telecom Accel Frontline Ltd (F/K/A Accel ICIM) for $11 million (INR499 million). as a result of deal Accel Ltd increases 19.44% to 70.44% stake in Accel Frontline Ltd.
Accel Ltd is the promoter of Accel Frontline Ltd. In 2004, Frontline Technologies Corp acquires 42% stake in Accel Frontline Ltd f/k/a Accel ICIM.

In 2008, British Telecommunications Plc acquires 100% stake in Frontline Technologies Corp Ltd. Subsequently, Accel Ltd sells 9% stake in Accel Frontline Ltd to BT Frontline thereby becoming its subsidiary.
Posted by Baigalla madhan at 9:00 PM

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HI I'am Baigalla Madhan behalf of (Universalfacts) My Blog, provides complete information of online financials data services which includes ,,, Private Equity (Asset Managers) (Investments), Venture Capital (Asset Managers) (Investments), M&A, IPO, Funds (Private Equity and Venture Capital Funds), Deals (Private Equity deals, Venture Financing Deals (series A to G), Strategic and M&A Deals), Limited Partners, Advisors Firms, Public Equity, Financials Reports...

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