Over the last ten years, the Indian BPO industry has grown to achieve a scale of more than USD 12 billion in revenues. Presently, worth nearly USD 150 billion, the industry employs over 400,000 people. The BPO industry of India is expected to undergo many minute changes.
EXL Services is likely to have finalised valuations of USD 350-500 million for stake sale and will be accepting bids for the same by mid-April, CNBC-TV18 reports quoting sources familiar with the development.
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.
HCL Technologies touched an intraday high of Rs 464.90 and an intraday low of Rs 455.10. At 13:23 hrs the share was quoting at Rs 464, up Rs 10.25, or 2.26%.