Mittal Growth Partners takes 1.79% Xtranet stake for US$1.72M

What's the deal? Mittal Growth Partners LLP has acquired a 1.79% stake in Xtranet TechnologiesDealroom has a profile for this one. Try Dealroom → through an open market transaction worth around US$1.72M. It bought 9.40 lakh shares at an average price of US$1.83 apiece.

What does Xtranet do? Xtranet Technologies provides IT-enabled services (ITeS), including software development and data management. It also issues digital signatures and offers BPO and KPO services.

The signal: The open market purchase gives Mittal Growth Partners a small but disclosed position in a niche ITeS player, signalling investor interest in India's data and digital services segment.

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Image credit: Cory M. Grenier