Here is a 3 sentence summary of the document:
Infosys is considering acquiring Mastek, an Indian IT services company, to expand its digital offerings and gain expertise in areas like digital commerce. Mastek would complement Infosys through its subsidiaries that specialize in domains like agile delivery and digital transformation. The acquisition would be done through a mix of cash and stocks, and Mastek would continue operating independently while also gaining representation on Infosys' board.
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when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
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when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
2. About Infosys
Company was founded on 7th
July 1981 in Pune India
Founded
IT services, IT business
Consulting, Outsourcing
Industry NIA
Infosys Consulting
Infosys Information Platform (IIP)
Global banking platform
Panaya Cloud Suite
Products and Services
Infosys had 82 sales and marketing
offices and 123 development centres
across the world
Geographical Presence
3. Infosys in
Numbers
DEBT EQUITY : 0 CURRENT RATIO :
3.83
NET PROFIT
MARGIN : 26.08%
NET INCOME : RS
16155 CRORES
EPS : 71.28 CMP : 634.05
4. Navigate The Next
4 Pillar
Strategy
Expanding
localisation
efforts
Scaling Digital
Business
Energising
client’s core
technology
business
Employee
reskilling
Always on Learning: Design
Thinking, Open reskill centers
Agile digital at scale: Blockchain
for supply chain, Experimentation
with in-store insights, Data
protection, Inter department
Transformation
AI powered core: Automation,
Use of APIs, Data Analytics
Expanding Localisation: Accessing
local talent pools, Studios for
Agile and rapid prototyping
6. About Mastek
Company was founded in
May 1982 in Mumbai, India
Founded
IT services, IT business
Consulting, Software
Information Technology
Industry
Systems Task Group (2008)
Kognitio Data Migration(2010)
Indigoblue Consulting (2015)
TAISTech (2017)
Past Mergers &
Acquisitions
Presence in India, USA and UK with
around 11 business centers
Geographical Presence
7. Expansion
• It will help Infosys to gain
Economies of scale and
Economies of scope in its
operations
Complimentary
technical assets
• To augment its current
offerings in the areas of
business support such as
digital commerce
Operating
Synergy
• Since both the companies
provide IT solutions to
different clients, operating
synergy is the biggest
motivator. By acquiring
Mastek, Infosys would expand
its business and clientele
Synergy
Strategic realignment
Mastek has dedicated
service offerings for digital
commerce which is a
booming segment in Indian
and world economy. Having
this as a dedicated service
would help Infosys gain
more valuable clients. It can
benefit from the expertise
of Mastek in this field.
8. Infosys
IndigoBlue TaisTech
Kognitio Data
Migration Offering
Mastek
Systems Task Group
IndigoBlue: Specialized in Agile and
lean delivery
TaisTech: Focused on digital
commerce transformation by
providing the strategic, creative, and
technical expertise
Kognitio Data Migration Offering:
Data Factory Tool Kit (DFTK) and data
migration methodology
Systems Task Group: An
international provider of enterprise
solutions for the property and
casualty (P&C) insurance industry
9. Majesco: Specializes in
providing insurance
technology & core system
software solutions
Hexaware Technologies: It is
automation-led, next-
generation provider of IT, BPO
and consulting services
Mindtree: Delivers digital
transformation and technology
services from ideation to
execution
Mphasis: provides infrastructure technology and
applications outsourcing services
3i Infotech: IT company offering IP based software
solutions, including Banking, Insurance & Asset
Management and ERP software solutions
Emerging Competitors
The subsidiaries of Mastek has
the specializations which will
help Infosys tackle the
competitions which the new
age IT companies present in
areas where Infosys doesn’t
has expertise
10. Shareholding
pattern of Mastek
Promoters own 46.89% shares and Public
own 53.1% shares
Foreign Portfolio Investors own 7.76%
shares , who would want to cash out
As per Ministry of Corporate Affairs,
ordinary majority required for merger and
Acquisition
With 54-55% of shares owned by willing
sellers, Majority would not be an issue
Ownership Pattern as on 30-Sep-2018 No of Shares % Share Holding
Foreign (Promoter & Group) 3117628 13.11
Indian (Promoter & Group) 8036032 33.79
Total of Promoter 11153660 46.89
Non Promoter (Institution) 4201175 17.66
Non Promoter (Non-Institution) 8430978 35.45
Total Non Promoter 12632153 53.11
Total Promoter & Non Promoter 23785813 100
Custodians(Against Depository Receipts) 0 0
Grand Total 23785813 100
11. Subsidiaries of Mastek
Trans American
Information Systems
Private Limited - India
(Wholly Owned Subsidiary
of Mastek Limited
• Mastek (UK) Limited –
United Kingdom. (Wholly
Owned Subsidiary of
Mastek Limited)
• IndigoBlue Consulting
Ltd - United
Kingdom(Wholly Owned
Subsidiary of Mastek (UK)
Limited)
• Digility Inc – U.S.A.
(Wholly Owned Subsidiary
of Mastek (UK) Limited)
• TAISTech LLC, U.S.A. -
(Wholly Owned Subsidiary
of Digility Inc., U.S.A.)
• Trans American
Information Systems Inc. –
U.S.A - (Wholly Owned
Subsidiary of Digility Inc.,
U.S.A.)
12. Regulatory
Requirements
Approach the High Court of Maharashtra( Mastek HO)
Filing of scheme with Stock Exchange
Since Mastek is listed, an Auditor Certificate is required to be
submitted to Stock Exchange for compliance with Accounting
Standards
Disclosure to Public before the Acquisition
If 90% of shareholders( excluding shares held by acquirer) approve
the merger, they can ask the remaining 10% to sell
The floor price of shares is linked to the average of the weekly high
and low closing price of the stock of the company over a 26 week
period
13. Valuation of
Mastek
We have Used
Discounted
Cash Flow(DCF
) to value the
firm
The growth
rate used is
industry
growth rate
and the
terminal
growth rate is
GDP growth
rate
Tax rate is
assumed to be
constant
Using this
we
calculated
FCFE as
1162.807
Crore
WACC is
calculated
using Kd and Ke
Nifty 50 is
taken for Rm
and T bill
rate used for Rf
14. Takeover
Strategy
Infosys would be going for Friendly Takeover as Infosys and
Mastek both will benefit from this merger
Infosys would use cash and stocks to acquire the firm,
Infosys CMP is 634 and Mastek Price is 437.
Mastek would get .88 shares of Infosys for each Mastek
share ( giving them 486.590 per share , giving 12.8%
premium
For investors cashing out, they would get 484.25 per share
15. Post
Acquisition
plan
Mastek Enjoys high goodwill among its clients, so it
would be run as a separate entity
3 board members would be from Infosys in the BOD
CEO will remain the same
Currently Infosys has 2 Lacs employees and Mastek
has 2000 Employees
Mastek employees who want to shift to Infosys
would be a given choice
16. Infosys Board of directors
Salil Parekh
• CEO and
Managing
Director
U.B. Pravin Rao
• CEO and
whole-time
director
Nandan M.
Nilekani
• Non executive
chairman of the
board
Kiran Mazumdar
Shaw
• Lead
Independent
Director
Roopa Kudva
• Independent
director
Dr. Punita
Kumar Sinha
• Independent
director
D.N. Prahlad
• Independent
director
D. Sundaram
• Independent
director
Michael Gibbs
• Independent
Director
17. Mastek current Board of Directors
S Sandilya
• Non executive
chairman
Sudhakar Ram
• Vice Chairman
and Managing
Director
Ashank Desai
• Non-Executive
Director
Priti Rao
• Non Executive
and
Independent
Director
Atul Kanagat
• Non executive
and
Independent
director
Keith Bogg
• Non executive
and
independent
director
18. Probable new BOD of Mastek
Nandan M
Nilekani
• Non
executive
Chairman of
the board
Salil Parekh
• CEO and Vice
chairman
U.B. Pravin Rao
• CEO and
managing
director
S Sandilya
• Vice
chairman
Sudhakar Ram
• Vice
Chairman
Priti Rao
•Non Executive
and
Independent
Director
Atul Kanagat
•Non executive
and
Independent
director`
Keith Bogg
•Non executive
and
independent
director
Independent
Director
Independent
director