Arrow Electronics to buy eInfochips for Rs 1,800 crore

AHMEDABAD: US-based Arrow Electronics is acquiring eInfochips, a product engineering and software R&D services company, for Rs 1,800 crore, people privy to the matter told ET.

A formal announcement on the deal is expected soon. eInfochips was planning to hold a press conference in Ahmedabad on Tuesday, but it has now been postponed.

ET reported first on December 30 that eInfochips was to be acquired by Arrow Electronics for Rs 1,500–Rs 1,800 crore and as a part of the pay-out, about 350 employees of the Ahmedabadbased company would get Rs 1 crore each for their ESOP holdings.


Avendus was the adviser in the transaction. Last week, sources from Ahmedabad-based venture fund GVFL, which holds an around 5% stake in eInfochips, confirmed that a deal had been stuck, but added that it had not received any official communication on that until then.