- The Blackstone Group L.P, US based Private investment banking company has repurchased the India based BPO operations of UK’s Serco Group Plc for Rs.2558crore.
- This is the largest acquisition by the company in India.
- In 2011, Blackstone sold Business Process Outsourcing (BPO) operations to Secro Group plc for 383 million USD.
- The business will be rebranded and revived as “Intelenet Global Services”
- Senior MD and co-head of PE in India at Blackstone – Amit Dixit.
- Headquarters of The Blackstone Group L.P – New York, US
Thursday, October 8, 2015
The Blackstone Group acquires Serco Group plc
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