Financial Daily from THE HINDU group of publications
Thursday, Jun 17, 2004
Financial Daily from THE HINDU group of publications Thursday, Jun 17, 2004 |
||
|
|
||
|
Info-Tech
-
Mergers & Acquisitions Keane to up stake in BPO subsidiary Our Bureau
New Delhi , June 16 KEANE Inc is likely to increase its stake in the BPO arm, Keane World Zen, from the current 62 per cent over a period of time. "Keane Inc's stake in Keane World Zen is going to increase from the current 62 per cent over a period of time," said the Keane India Managing Director, Mr Parminder S. Miglani. He declined to give any specific time-frame for raising the stake or the extent to which the stake will be raised. Keane Inc had acquired 62 per cent stake in World Zen in October last year to expand its service delivery. The remaining stake is with World Zen. Keane Inc forayed into the BPO business through the acquisition of World Zen. The World Zen business would now be part of a separate company carved out of Keane India to offer BPO services. Keane India's BPO activities consist of 300 people at present, which will be raised to 2,000 by the next year-end.
More Stories on : Mergers & Acquisitions | Outsourcing
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|