What is the KPIT Birlasoft (de)merger about?

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Did you know KPIT Technologies is one of the earliest Indian IT Software companies to go public way back in 1999? After Infosys listed in June 1993, it took a while for the other companies in the sector to start going public. The current flagbearer for the Indian IT sector, TCS, did not list until 11 years later, in 2004. By then, KPIT had already been a publicly listed company for nearly five years. In January 2018, management of KPIT proposed a merger and demerger with the C.K.Birla groups privately held IT Services company, Birlasoft. Wait, merger and demerger? The

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