Blackstone To Sell 66% Intelenet Stake

Serco is seeking to acquire around a 66% stake in Indian BPO company, Intelenet Global Services.

Serco is seeking to acquire around a 66% stake in Indian BPO company, Intelenet Global Services, Financial Times reports. The FTSE 100 services group will buy the controlling stake from U.S. private equity group, Blackstone. The financial details of the transaction have not been disclosed. Blackstone acquired the interest in the Mumbai-based company for $200 million in 2007 as part of a management buy-out.

Click here for the story from Financial Times.