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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. 

Company Quote

37.3
0.3 +0.81%
28 Aug 2014