Capgemini has announced that it will be launching a 500 million euro ($563.60 million) capital increase in order to fund its acquisition of IGATE.

Seven million new shares will be issued up, representing roughly 4.2 per cent of Capgemini’s capital, which will be financed by surplus cash and an equity portion.

A statement issued by Capgemini said: "The capital increase launched today ... aims primarily at early refinancing part of the $3.8 billion bridge loan implemented in the context of the IGATE acquisition, which is still expected to close in the second semester 2015.”

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