iGate Corporation, the US-based IT services firm, has announced that it has fixed the exit price at Rs 410 per equity share to delist its India arm, iGate Global Solutions.According to iGate Corp, the delisting offer opened on November 26, 2007 and closed on November 30, 2007 for shareholders of iGate Global. As per the reverse book building process, the discovered price was arrived at Rs 410 which has been accepted by iGate Corporation.iGate Global stock was trading up 1.46% at Rs 400 over last day's close on the Bombay Stock Exchange during the first hour of trade today. In a parallel development, iGate Global has announced that it has signed a key technology services agreement with Union Bank of California, one of the largest banks in the United States based on assets. As per the agreement, iGate will set up a 100 people operation technology centre in Bangalore. iGate will provide a range of IT services spanning application, development and maintenance, infrastructure management services, data warehousing, quality assurance, business intelligence, consulting and technology work for Basel II compliance.
