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.
Firstsource Solutions' policy of hedging is on a rolling 12-18 month basis, so the benefit of rupee depreciation will start to accrue from Q3 onwards, extending into a good part of the next year.
Rajesh Subramaniam, MD & CEO, Firstsource speaks on the company's debt repayment plans.
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.
Sanjiv Goenka, vice-chairman, CESC explains to CNBC-TV18 that investors' concerns about the company's foray into the BPO and retail sectors complement the company's core-business of power generation.
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.
Sanjiv Goenka of CESC told CNBC-TV18 the company will acquire 49.5% equity in FirstSource Solutions for Rs 280 crore.CESC is scheduled to buy 5% each from three FirstSource shareholders including ICICI, Temasek and Fidelity. Thereafter, CESC would provide an open offer at Rs 12.10 per share.
Managing director and chief executive of Firstsource Rajesh Subramaniam tells CNBC-TV18 that they aim to repay their FCCBs in full.
There has been a change of guard at Firstsource. In an interview to CNBC-TV18, Rajesh Subramaniam, managing director and chief executive officer of Firstsource says, the worst of the financial performance is behind the company.
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.