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CCI approves sale of Aegis BPO to Capital Square Partners

CCI approves sale of Aegis BPO to Capital Square PartnersNew Delhi, May 19 (IANS) The Competition Commission of India (CCI) on Friday approved the sale of Essar Group-owned business process outsourcing (BPO) company Aegis to Singapore-based investment firm Capital Square Partners.

Last month, Essar Global's wholly-owned company AGC Holdings (AGC) Mauritius had entered into a definitive agreement with Singapore-based firm to sell its 100 per cents stake in ESM Holdings Mauritius which in turn owns Aegis.

In a tweet, the CCI said: "@CCI_India approves acquisition by CSP Alpha of 100 per cent share capital of ESM Holdings Ltd."

 

The group had entered the BPO sector in 2004 when it acquired the US-based Aegis Communications.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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CCI approves sale of Aegis BPO to Capital Square Partners

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.