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India and US-based Idhasoft, an IT consulting and solutions company, has received a capital infusion of $30 million from Bahrain-based Arcapita Bank. The bank has picked up a 12% stake in Idhasoft, valuing the company at $250 million. The promoters shareholding in Idhasoft, which include the three founder and HDFC Bank, stands at 65%, while some HNIs hold another 10% stake. Idhsoft's focus areas are SAP, Oracle, IBM, retail and supply chain and technology services.

Idhasoft has an aggressive acquisition strategy and has acquired 24 companies since its inception in December 2006. In one year of operation, the firm has managed to reach revenues of $100 million with a bottomline of $7.6 million. The profit-after tax stood at $4.7 million.  

 

Arcapita Bank has to date completed over 70 transactions valued at around $27 billion. Arcapita has invested in $325 million Ascendas India Development Trust and has also tied up with Suzlon's Tanti to invest $2 billion for creating a portfolio of 1,650 MW wind energy in China.

 

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