French Company Accelya is set to acquire the controlling stake in Kale Consultants Ltd, with one or more of its promoters selling their stake.

The news comes in that if this deal happens then open offer is expected, taking the total value of the transaction to over Rs 100 crore. The promoters of Kale, Narendra Kale, Vipul Jain and their families, hold over 38% in the company.

Accelya is BPO service provider for airline industry. It provides services like airline Revenue Recovery services, PCI-DSS compliant card management, marketing and sales analysis, electronic invoicing and travel agent risk management. It is the largest IATA BSP (billing and settlement plan) Data Processing Center worldwide and powers IATA BSPLink.

Prism Informatics Limited is set to buy 51% stake in Information Management Technologies Company Limited (IMT), a subsidiary of Al Suwaidi Holding Company.

Prism Informatics has signed a memorandum of understanding (MoU) with Al Suwaidi Holding Company for purchase of 51% stake in Information Management Technologies (IMT) that provides IT solution services in the Middle East.

IMT is a technology solutions provider in IS security, IT infrastructure management, enterprise mobility & business applications.