HDFC and Barclays Bank on Monday announced they will exit their joint venture Intelenet Global Services by selling stakes to SKR BPO Services, co-owned by Blackstone GVP Capital and Intelenet management, for an undisclosed amount.
This partnership elevates Intelenet's position and makes the company the first player to offer finance and accounting processes in the telecom vertical, a press release issued here stated.
Business process outsourcing player Intelenet Global Services on Wednesday announced the launch of its new centre in Krakow, Poland.
Tata Consultancy Services, India's largest IT company, sold 50 per cent stake in Intelenet Global Services Ltd to Housing Development Finance Corporation Ltd for Rs 161 crore (Rs 1.61 billion).
This will pave the way for Kapil Puri to expand Spanco Telesystems, the business process outsourcing and telecommunication services company that he set up after partly exiting Sparsh. Puri is slated to receive around Rs 35 crore (Rs 350 million) from the sale of his stake, which will take place at around Rs 200 per share. This includes a premium as against the existing ruling price of Rs 150 per share.
Leading business process outsourcing services provider Intelenet Global Services has said it plans to expand its footprint overseas and hire around 7,000 personnel in FY '11.
Housing Development Finance Corporation Ltd has sold its 50 per cent stake in Intelenet Global Services Ltd, a business process outsourcing company, to Barclays Bank Plc for Rs 164 crore (Rs 1.64 billion).
Mumbai-based BPO company Intelenet Global Services is planning to increase its full time employees to 20,000 from current 5,000 by 2009.
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Call centres in India brought in extra staff and asked some to work overtime to answer a flood of inquiries to Britain's National Rail after a series of deadly bomb blasts hit London's transport network Thursday, officials said.
Services and consulting firm Serco on Tuesday signed an agreement to acquire Indian BPO company Intelenet for up to GBP 385 million (Rs 2,772 crore).
At the end of June, 2016, TCS had a total headcount of 3.62 lakh.
Gaurav Deepak has raised funds for about 100 new-age entrepreneurs.
In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players.
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