May 09, 2015 09:58 AM
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Mitsui, which was a majority shareholder in Buongiorno’s India business, had exited last year: on October 2011 investor presentation(pdf)from Buongiorno suggests that the Indian operations had revenue of EUR 8 million(around Rs 51 crore at current rates), while Buongiorno Digital had revenues of EUR 20 million(around 129 crore at current rates).
Buongiorno had acquired Mitsui’s stake in both businesses(51% in Buongiorno India, and 41% in Buongiorno Digital) for EUR 23 million(around Rs 149 crore at current rates). It then sold stake in the B2B business to Francisco Partners:
