IT and engineering services firm Rolta India Ltd is close to acquiring a Chicago-based firm at an estimated deal size of $40-50 million, a newspaper report said on Tuesday.
The acquisition could be in the area of business intelligence software, the Economic Times report said citing sources.
An announcement on this was likely to be made in the next few days, it said.
“We are exploring a number of opportunities. But there is nothing to announce,” Rolta's Chairman and Managing Director K.K. Singh told the paper.
For the quarter to June, Rolta's net profit rose 4.1 percent to 508.3 million rupees, while sales rose 58 percent to 3.2 billion rupees. (Reuters)