Essar sells 100% stake in Aegis BPO to Capital Square Partners
Essar's Aegis Holdings will sell 100% stake in ESM Holdings to Capital Square Partners for an undisclosed sum and the deal is expected to close by the first quarter of FY18.
Essar had entered into the business process outsourcing (BPO) business in 2004 with the acquisition of the US-based Aegis Communications Group, with 2,000 employees. Representational Image. Image Source: ZeeBiz WebDesk