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

By Bruhadeeswaran R

  • 24 Mar 2017
Premium
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 ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.