Key Developments: Firstsource Solutions Ltd (FISO.NS)

FISO.NS on National Stock Exchange of India

40.25INR
1:34am EDT
Price Change (% chg)

Rs1.20 (+3.07%)
Prev Close
Rs39.05
Open
Rs38.85
Day's High
Rs40.60
Day's Low
Rs38.85
Volume
661,394
Avg. Vol
2,393,879
52-wk High
Rs43.75
52-wk Low
Rs14.80

Search Stocks

Latest Key Developments (Source: Significant Developments)

Firstsource Solutions Ltd Updates On Credit Ratings
Friday, 12 Jul 2013 06:25am EDT 

Firstsource Solutions Ltd announced that CRISIL has upgraded its corporate credit rating of the Company to CCR BBB+ from CCR BBB. The rating on Company's short-term bank facilities has also been upgraded to CRISIL A2 from CRISIL A3+.  Full Article

Firstsource Solutions Ltd Updates On Open Offer From Spen Liq Pvt Ltd
Monday, 11 Feb 2013 01:34am EST 

ICICI Securities Ltd (Manager to the Offer) for and on behalf of the Spen Liq Pvt Ltd (Acquirer), CESC Ltd is the Person Acting in Concert (PAC) announced the post offer announcement to the shareholders of Firstsource Solutions Ltd (Target Company), in connection with the open offer to acquire up to 198,485,163 equity shares of Firstsource Solutions Limited (Target Company) having a face value of INR10 each (Equity Shares), representing 30.18% of the Equity Share Capital and 28.73% of the fully diluted voting equity share capital of the Target Company as of the 10th Working Day from the Closure of the Tendering Period (Offer). The detailed public statement (DPS) with respect to the Offer was published on October 30, 2012.  Full Article

Firstsource Solutions Ltd Announces Senior Management Changes
Thursday, 24 Jan 2013 02:44am EST 

Firstsource Solutions Ltd announced that with reference to the earlier announcement dated May 16, 2012, regarding the appointment of Mr. Dinesh Jain and Mr. Deep Babur as Joint CFOs the Audit Committee of the Company has approved the appointment of Mr. Dinesh Jain, currently Joint CFO, as the Chief Financial Officer ("CFO") of the Company with effect from January 23, 2013. Mr. Deep Babur transitions into a new role working with the Managing Director a CEO on several strategic initiatives.  Full Article

Firstsource Solutions Ltd Appoints Sanjiv Goenka As Chairman-Business Standard
Tuesday, 4 Dec 2012 01:29am EST 

Business Standard reported that Firstsource Solutions Ltd said it has appointed Sanjiv Goenka as the Chairman of the Company following the resignation of Shailesh Mehta from the post. Mehta will continue as an independent director on the board.  Full Article

Firstsource Solutions Ltd Announces Amalgamation Of Rev IT Systems Private Limited
Sunday, 2 Dec 2012 09:56pm EST 

Firstsource Solutions Ltd announced that Honorable High Court, Bombay has approved the Scheme of Amalgamation of Rev IT Systems Private Limited (Rev IT), a wholly owned subsidiary of the Company, with the Company. The Company and Rev IT have filed certified copies of order of Honorable High Court with e-Form 21 with Registrar of Companies, Maharashtra as directed by the Honorable High Court. Consequently Rev IT stands amalgamated with the Company effective on November 30, 2012.  Full Article

Firstsource Solutions Ltd Updates On Open Offer
Wednesday, 31 Oct 2012 03:35am EDT 

Firstsource Solutions Ltd announced that the ICICI Securities Ltd (Manager to the Offer) for and on behalf of the Spen Liq Pvt Ltd (Acquirer), CESC Ltd is the Person Acting in Concert (PAC) has informed this Detailed Public Announcement (DPS) regarding Open offer (Offer) to the shareholders of Firstsource Solutions Ltd (Target Company). This Offer is being made by the Acquirer to all public shareholders of the Target Company, other than the shareholders who are party to the Share Purchase Agreements, pursuant to which the Acquirer has agreed to acquire up to 198,485,163 equity shares (Offer Size), representing 26% of the fully diluted shares of the Target Company. This Offer is being made at a price of INR12.20 (Offer Price) per equity share. Tentative Schedule of Activity: Identified Date: December 03, 2012; Date of commencement of tendering period: December 17, 2012; Date of closing of tendering period: December 31, 2012.  Full Article

CESC Ltd Diversifies With Firstsource Solutions Ltd Buy-Business Standard
Thursday, 25 Oct 2012 10:32pm EDT 

Business Standard reported that CESC Ltd would pay INR3.95 billion for a 49.5% stake in Firstsource Solutions Ltd , a business process outsourcing company. Including a mandatory open offer for another 26% of the shares, CESC expects to invest a total of 6.5 billion rupees to acquire Firstsource, which will help it expand outside the power sector. Firstsource will issue about 227 million shares, or 34.5% of equity capital, on a preferential basis to a unit of CESC at INR12.10 per share.  Full Article

Search Stocks