The Hindu Business Line : Essar Global buys BPO co for Rs 100 cr

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Mumbai Feb. 20 Essar Global said that it has acquired Bermuda-based BPO company Global Vantedge with facilities in India (Gurgaon) and Costa Rica.

The acquisition cost Essar around Rs 100 crore and is its fourth purchase in the last year, said Mr Aparup Sengupta, CEO of Essar's BPO business in India. Essar bought out private equity investors Chrys Capital as well as the management' stake in Global Vantedge.

The previous three acquisitions had together cost Essar around Rs 100 crore. They were Customer First and Orion in India, and Technion in the US.

Global Vantedge, which has 1,400 employees, specialises in the collections and accounts receivable management services. Its acquisition is part of Essar's plan to have a larger footprint in the BPO segment, said a statement from the group.

With this acquisition Essar's BPO business will have 7,500 employees in India and 4,500 in the US.

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