On September 30, 2020, Virtusa Corporation announced that Canada Pension Plan Investment Board confirms an equity commitment of US$300 million alongside Baring Private Equity Asia in respect of the proposed acquisition of the Company. The Company also stated that the transaction is expected to close in the 1st half of 2021 and is subject to the approval of the Company’s shareholders, customary regulatory requirements, including approval from The Committee on Foreign Investment in the United States (CFIUS), and customary closing conditions.