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Japan’s NTT to buy Sharad Sanghi’s stake to complete Netmagic acquisition

By Bruhadeeswaran R

  • 24 Mar 2017
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Japan’s NTT to buy Sharad Sanghi’s stake to complete Netmagic acquisition
Credit: Thinkstock

Japan’s NTT Communications Corporation is set to complete the buyout of data centre company that once counted a string of venture capital backers, Netmagic Solutions Pvt Ltd, with a significant bump in valuation.NTT would be buying out founder Sharad Sanghi's 18.37% stake in Netmagic for Rs 533.83 crore (around $80 ......

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