Capgemini to buy Indian accounting business

Consultants Capgemini will buy a 51% stake in finance & accounting platform Unilever India Shared Services (Indigo) from Unilever's Hindustan Lever.

At the same time, Capgemini and Unilever have entered into a seven-year agreement to deliver the finance and accounting business process outsourcing services to the Unilever companies which are current customers of Indigo.

Indigo currently provides financial shared services and Sarbanes Oxley compliance services to the Unilever Group throughout the world.

The acquisition is expected to be completed in Oct 2006. rrent customers of
Indigo.

Indigo has operating centres in Bangalore and Chennai and employs nearly 600 staff, including about 75 Chartered Accountants, according to Reuters.