In a major development in the IT space, Bain Capital has bought 30% stake in Genpact.
In what could be an important M&A development in the BPO space, HCL tech may be eyeing a majority stake in EXL services reports CNBC-TV18's quoting sources.
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.