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Blackstone to Acquire a Majority Stake in Serco’s India-based BPO Unit for GBP250 Million (Asia)

Global investment firm Blackstone has agreed to acquire a majority stake in the India-based business process outsourcing (BPO) unit of global public services provider Serco for GBP250 million (approximately US$385 million).  Post-acquisition, the unit will be rebranded as “Intelenet Global Services.” The sale is expected to be completed in the coming months, subject to customary closing conditions and approvals.