ibm

Citigroup may hive off its BPO arm to a PE investor

19 jun 2007

Citigroup may hive off its BPO arm to a PE investor
After the Blackstone-HDFC-Barclays BPO deal, another big player Citigroup is in talks to sell 80% stake in its BPO arm Citigroup Global Services (formerly eServe International). The deal could be all-cash worth $700-750 million (Rs2,870-3,075 crore), valuing it at around $0.95billion.

Patni Computer family battle may lead to new partner

18 may 2007

Patni Computer family battle may lead to new partner
The corporate battles are being foight inside homes these days rather than in closed-room offices. After the recent Bajaj division and Reliance demerger, another family owned IT company – Patni Computer Services is on verge of being restructured.