3i Infotech acquires 50.5 pc stake in aok Ltd

Mumbai, May 29: IT major 3i Infotech Ltd has acquired 50.5 per cent stake in aok in-house BPO Services Ltd and aok in-house Factoring Services Pvt Ltd.

These companies have been acquired for their delivery capabilities in the area of credit cards and auto loans processing for the banking sector and claims and proposal processing for the insurance sector. Their operations are at present in the domestic market.

They have several private sector, public sector, foreign banks and insurance companies as their clients, the company informed BSE.

UNI