Royal Bank of Scotland acquires 9.89% in Excel Infoways

BPO firm Excel Infoways today said the Royal Bank of Scotland Group has acquired 9.89% stake in the company for an undisclosed amount.

"RBS NV (London Branch) has acquired 9.89% shares (3.10 lakh shares) in the company through Qualified Institutional Placement," Excel Infosways said in a filing to the Bombay Stock Exchange.
Shares of the company closed at Rs 24.90 a piece, down 0.60% from its previous close on the Bombay Stock Exchange.
The company had yesterday approved allotment of 1.01 lakh equity shares of Rs 10 each at a price of Rs 25.25 per equity share, to raise an issue size of Rs 25.70 crore, to Qualified Institutional Buyers under Qualified Institutions Placement.