Business Standard

Sparsh BPO revises open offer

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BS Reporter Mumbai

Under the revised schedule the date of opening the offer is June 12 and closing is July 1.

The open offer is part of the acquisition of residual stake of 12 per cent by SKR BPO Services and Blackstone GPV Capital Partners (promoter of Intelnet) in Sparsh BPO from Kapil Puri, chairman and managing director of another BPO Spanco Telesystems who has a stake in Sparsh.

 

The open offer is being managed by JM Financial Consultants.

In June 2007, Blackstone had acquired Intelenet through a management-led buyout for an undisclosed sum. The deal marked the US-based PE investor's first major investment in India's BPO space.

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First Published: Jun 10 2008 | 3:52 PM IST

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