Sparsh BPO revises open offer

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New Delhi, Jun 10 (UNI) Mumbai-based Sparsh BPO today said it has revised the schedule of its open offer as June 12.

The open offer is part of the acquisition of residual stake of 12 per cent by SKR BPO Services and Blackstone GPV Capital Partners (promoter of Intelnet) in Sparsh BPO, a company statement said.

Under the revised schedule the date of closing of the offer is July 1.

The open offer is being managed by JM Financial Consultants.

In June 2007, Blackstone had acquired Intelenet through a management-led buyout for an undisclosed sum. The deal marked the US-based PE investor's first major investment in India's BPO space.

UNI SR AK RN1806

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