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HCL Tech may have submitted expression of interest to EXLS

CNBC-TV18 had reported earlier that NASDAQ-listed BPO firm EXL Services was on the block. CNBC-TV18's Kritika Saxena now learns that big boy HCL Tech has sent an expression of interest to acquire stake.

March 16, 2011 / 19:00 IST
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CNBC-TV18 had reported earlier that NASDAQ-listed BPO firm EXL Services was on the block. CNBC-TV18's Kritika Saxena now learns that big boy HCL Tech has sent an expression of interest to evaluate the acquisition of 50% stake in EXL Services.

It was earlier reported that large-scale investors like Oak Hill (holds 36.5%), BlackRock (holds 11.3%) and Vikram Talwar (the executive chairman in the company and holds 2.8%) were looking at exiting EXLS. Sources say that the three investors are in the evaluation stage and are chalking out EXLS
first published: Mar 16, 2011 03:49 pm

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