Month: June 2004

NEW DELHI: TCG Software and Ivega Corporation on Wednesday announced a merger to create TCG-Ivega for providing offshore IT services through the combined business. “TCG-Ivega will be a leading provider of high value specialist IT services to TCG Software and Ivega’s overlapping financial services, pharmaceutical and healthcare, manufacturing and telecommunication customer communities in India, North America, Europe, Asia Pacific and Middle East,” a company release said here. TCG Group would have controlling stake in the merged entity. “The investments in …

By Our Staff Correspondent KOLKATA, JUNE 3. The Kolkata based TCG Software, the IT arm of the Chatterjee group, and the Bangalore based Ivega Corporation announced on Wednesday a merger creating TCG-Ivega. The TCG group has acquired the controlling stake of over 75 per cent in the merged entity with a combined turnover of over Rs. 100 crores. In a `stock and cash’ deal, which is scheduled to be closed in July, the Chatterjee group of Purnendu Chatterjee has bought …