iGate delisting

iGate Global Solutions Ltd has informed that iGate Corporation ("Acquirer") & iGate Inc. (PAC) has issued this Public Announcement ("PA") to the shareholders of iGate Global Solutions Ltd ("Target Company") in respect of the proposed acquisition and delisting of the fully paid-up equity shares of Target Company pursuant to the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (the "Delisting Guidelines"/"Guidelines") ("Delisting Offer").

The Offer:

The Acquirer is making this PA, along with PAC, to acquire upto 6,055,284 equity shares of face value of Rs 4/- each ("Equity Shares") representing 19.09% of the fully paid-up Equity Share Capital of the Target Company from the Shareholders of Target Company other than the Acquirer & PAC ("Public Shareholders") with the purpose of delisting the Equity Shares of Target Company from the Bombay Stock Exchange Ltd ("BSE"), The National Stock Exchange of India Ltd ("NSE") & Bangalore Stock Exchange (BGSE) (the "Delisting Offer"), where the Equity Shares are currently listed.

The Shareholders of the Target Company have approved the delisting of Equity Shares of the Company through a Special Resolution passed at Extra Ordinary General Meeting of the Shareholders of the Company held on November 13, 2007.

According to Clause 8.2 of the Guidelines, the Floor price will be the average of the last 26 weeks high & Low closing prices on NSE, which is Rs 288.90 per Share.

The Acquirer shall announce the Discovered Price, the Exit Price and its decision to either accept the discovered price or offer an Exit Price and accept the Equity Shares tendered upto and inclusive of the Exit Price or reject the Discovered Price, in accordance with the timetable set out in this PA.

Credit Suisse Securities India Pvt Ltd has been appointed as Manager to the Offer.

Schedule of Activities:

Public Announcement - November 14, 2007

Bid Opening Date (10.00 am) - November 26, 2007

Bid Closing Date (3.00 pm) - November 30, 2007

Announcement of Exit Price or the Acquirer's Acceptance/Non Acceptance of the Discovered Price - December 04, 2007

Final Settlement Date (Shares in Dematerialised form)* - December 05, 2007

Last day for holders of Physical Share Certificates to tender their Shares - December 20, 2007

Final Settlement Date (Shares in Physical Form)# - December 31, 2007

* Actual dispatch of payment instrument to successful Bidders would be made in the next few days shortly after the settlement subject to acceptance of Delisting offer in accordance with clause 7.

# In case the minimum number of Equity Shares, tendered at or below the Discovered or the Exit Price in terms of Clause 6 of this Public Announcement does not cause the Public Shareholding of the Company to fall below the minimum Public Shareholding limit specified by the Listing Agreement, then last day for final settlement with BSE for shares in dematerialised form will be December 20, 2007.