Firstsource Solutions debuts with 41% premium

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Firstsource Solutions debuts with 41% premium

Firstsource Solutions, a leading Indian BPO company providing customized business process transformation in the Banking & Financial Services, Telecom & Media and Healthcare sectors, has listed with 40.78% premium over its offer price of Rs 64 per share.

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Firstsource Solutions , a leading Indian BPO company providing customized business process transformation in the Banking & Financial Services, Telecom & Media and Healthcare sectors, has listed with good premium of 40.78% premium over its offer price of Rs 64 per share.

The opening of the stock is as per the analyst expectations; analyst were expecting the stock to list with Rs 24-25 permium. It opened at Rs 75.1 on the BSE.

It debuted at Rs 90.10 on the NSE; quoting at Rs 81.55, with volumes of 2,21,74,248 shares at 10:53 am. It has touched an intraday high of Rs 90.10 and an intraday low of Rs 76.55.

The share was trading at Rs 82.2 on the BSE at 10:41 am, with volumes of 1,01,71,000 shares. It has touched an intraday high of Rs 88.9 and an intraday low of Rs 75.1.

The company entered capital market with its initial public offering, IPO of 69.30 million equity shares of Rs 10 each

The company currently employs over 10,717 employees across 20 delivery centres in India, the UK, the US and Argentina. The company has over 74 leading organisations as customers, including six "Fortune Global 500" banks, two "Fortune Global 500" telecommunications companies and three "Fortune 100" healthcare companies.