Baring Private Equity Partners on Monday denied any plans to restructure MphasiS BFL or its management team.
The size of knowledge process outsourcing industry, the high-end services entailed in business process outsourcing activities, has the potential to touch $16 billion by 2010 across the globe.
The combined entity's headquarters will be in California, US.
'Facilitating conversion of well-run NBFCs into banks is urgently needed.'
Investors prefer exits with lower valuation to staying invested for a longer term