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    • Essar sells BPO company Aegis for $275-300 mn

      Essar had in July 2014 sold Aegis USA Inc, an outsourcing and technology company with operations in the US, the Philippines and Costa Rica, to Teleperformance of Paris for USD 610 million.

    • Mphasis-Karvy deal gets Competition Commission nod

      Giving its green signal, the fair trade regulator said the proposed deal is not likely to have an appreciable adverse effect on competition in India. Under the combination, Karvy Data Management will acquire Mphasis' domestic business process management or outsourcing (BPM/BPO).

    • Essar in talks to raise up to USD 600 million for BPO arm

      The IT services arm of Indian steel-to-oil conglomerate Essar Group is in talks to raise USD 500 million to USD 600 million through a US initial public offering and the sale of a stake to private equity firms, sources familiar with the matter said.

    • Aegis plans $300-400m IPO

      Aegis Ltd, the backoffice services firm of Essar Group, is planning to raise between USD 300 million and USD 400 million through an initial public offering, the company's global CEO said on Thursday.

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