Essar sells BPO company Aegis for $275-300 million
Monday, April 3, 2017, 2:33 PM
Ruias-led Essar Group announced a sale of its BPO-company Aegis Ltd to Singapore-based private equity fund manager Capital Square Partners for an estimated $275 to 300 million. The sale marks Essar's complete exit from BPO-business. Essar had in July 2014 sold Aegis USA Inc, an outsourcing and technology company with operations in the US, the Philippines and Costa Rica, to Teleperformance of Paris for $610million.