WNS buys Aviva BPO in India for $230 mln - report

MUMBAI, July 10 (Reuters) - Back-office firm WNS (Holdings) Ltd (WNS.N) has acquired insurer Aviva's (AV.L) BPO in India and Sri Lanka for $230 million, the Economic Times said on Thursday, without citing sources.

Mumbai-based WNS is expected to make an announcement on Thursday, the newspaper said.

The acquisition of Aviva Global Services will give WNS $1 billion worth of outsourced work committed to Aviva over an eight-year period, the paper said.

A spokesman for WNS called the report "speculative".

WNS will fund the buyout through a $200 million line of credit from ICICI Bank (ICBK.BO), with buyout firm Warburg Pincus [WP.UL], which owns a majority stake in WNS, contributing around $30 million, the paper said.

WNS, which draws about half its business from British and European operations, in April acquired a British auto insurance claims-processing services provider, Call 24/7 Ltd. (Reporting by Rina Chandran; Editing by Ranjit Gangadharan)