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Mumbai, May 20 The London Stock Exchange (LSE) and the US subsidiary of BPO company Firstsource Solutions have entered into a memorandum of understanding in which the city-based company will provide equity research on the companies traded on LSE’s main market and the alternative investment market.

Companies that want to be covered under this research, which has been termed ‘PSQ Analytics’, will have to pay £10,000 (Rs 8.3 lakh) a year to the LSE. Pipal Research Corporation, a wholly owned subsidiary of Firstsource, Independent International Investment Research Plc (UK) and Argus Research Company (US) are the three service providers for this initiative.

Pipal Research Corporation provides independent investment research, corporate intelligence and quantitative analytics.

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