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Smart Card IT Solutions in talks to buy Singapore Co for $20 million

Smart Card IT Solutions is stitching up multiple deals that the Mumbai-based company hopes will help it emerge as one of the top five players in the smart card market globally. The company, founded in 2009, is in talks to acquire an unnamed company based out of Singapore for $20 million (Rs 118 crore), while also raising private equity capital to help finance this acquisition

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