HYDERABAD: Leading investment and technology development company, DE Shaw, head-quartered in New York, has come forward to invest $200 million in Hyderabad. DE Shaw has a presence in Hyderabad since 20 years and now it has decided to set up a new subsidiary company called Arcesium in partnership with Blackstone Asset Management company in Hyderabad.
The proposed subsidiary company will provide employment to 400 people by the end of this year. The number of employees will be doubled in three years.
IT minister KT Rama Rao, who is heading a delegation which is currently on a visit to the US, held discussions with DE Shaw management on Friday.