Company Overview of iGATE Computer Systems Limited
iGATE Computer Systems Limited provides information technology (IT) consulting, software development, and business process outsourcing sources primarily in North America, Europe, and rest of the Asia Pacific region. The company offers various service, including application development and maintenance, enterprise software and systems integration, business and technology consulting, product engineering, infrastructure management, business intelligence and data warehousing, packaged software implementation, customer interaction, business process outsourcing, transaction processing, quality assurance, and engineering design services, as well as cloud computing, embedded systems development, IT c...
Arkuti Softech Park
MIDC Cross Road No 21
Mumbai, 400 093
Founded in 1978
Key Executives for iGATE Computer Systems Limited
Co-Head of Consulting & Solutions
Head of Product Engineering Services
Compensation as of Fiscal Year 2014.
iGATE Computer Systems Limited Key Developments
iGATE Computer Systems Files Form 15
Oct 1 12
iGATE Computer Systems Limited has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its American Depositary Shares under the Securities Exchange Act of 1934, as amended. The par value of the company's American Depositary Shares was $2.0 per share.
iGATE Computer Systems Announces Intention to Delist ASDs From NYSE
Sep 7 12
iGATE Computer Systems Limited announced its intention to apply for the voluntarily delisting of its American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE) on September 28, 2012. On August 31, 2012, a notice announcing the delisting of the ADSs from the NYSE was distributed to holders of ADSs as required by a deposit agreement dated December 7, 2005 by and between the Company and The Bank of New York Mellon, as Depositary. On September 18, 2012, the Company intends to file a Form 25 with the U.S. Securities and Exchange Commission and it is expected that the last day of trading on the NYSE will be September 28, 2012. Then, the ADSs will transition to "level one status" and will be tradable on the U.S. over-the-counter market beginning on October 1, 2012. As of September 07, 2012, iGATE and its subsidiaries owned over 97% of the outstanding equity of the Company and publicly held ADSs constituted less than 1% of the outstanding equity in the Company. Against this backdrop, the Company believes that the costs and expenses associated with the continued listing on the NYSE are not economically justified, taking into account the fact that the volume of the Company's ADSs which trade on the NYSE accounts for only a small fraction of the Company's total outstanding equity. Therefore, the Company decided to apply for voluntary delisting of its ADSs from the NYSE and for deregistration of its ADSs under the Exchange Act to eliminate the associated costs and expenses and thereby promote profitability.
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