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Firstsource Solutions has an obligation to repay USD 44.5 million of debt every year, which works out to nearly USD 11.1-11.2 million every quarter.
Rajesh Subramaniam, MD & CEO of Firstsource Solutions, a Mumbai-based outsourcing company is confident of reducing the company's debt by USD 45 million to USD 155 million by the end of FY14.
Recently, Firstsource had entered a deal with CESC, whereby the latter will acquire 49.5% equity in Firstsource for Rs 280 crore. Rajesh Subramaniam, Managing Director and CEO of Firstsource Solutions said the stake buy will not change the company‘s existing management.
Managing director and chief executive of Firstsource Rajesh Subramaniam tells CNBC-TV18 that they aim to repay their FCCBs in full.
Speaking to CNBC TV 18, managing director and CEO, Matthew Vallance, Firstsource Solutions said, there is a strong rebound in our telecom business sector.
Speaking exclusively to CNBC-TV18, MD & CEO Matthew Vallance said, the company normally sees a seasonal decline in the numbers from the fourth quarter.
In an interview with CNBC-TV18, Matthew Vallance, MD & CEO of Firstsource Solutions, spoke about the company's results and the road ahead.