Tech Mahindra acquires Hutchison Global Services for $87.1 mn

September 04, 2012 14:18

Tech Mahindra acquires Hutchison Global Services for USD 87.1 million. Tech Mahindra Limited, a leading provider of solutions and services to the telecommunications industry, today announced the acquisition of 100% stake in Hutchison Global Services Private Limited for USD 87.1 mn, payable upfront.

Hutchison Global Services provides customer lifecycle operations to clients in UK, Ireland and Australia and has an associate base of over 11,500 employees. HGS operates out of Mumbai and Pune and is among the largest captives in the Telecom Domain, reports Moneycontrol.com

« Back to LIVE

TOP STORIES

Back to back terror attacks in J-K: Ex-sarpanch killed, tourist couple shot at

Terrorists struck at two places in Kashmir on Saturday night, killing a former sarpanch in Shopian and injuring a tourist couple from Rajasthan in Anantnag, two days ahead of Lok Sabha elections in Baramulla.

I dedicate my man of the match award to Dayal: Faf du Plessis

Pacer Yash Dayal kept his cool in a tense final over to seal a 27-run win against Chennai Super Kings and send RCB through to the play-offs.

IPL PIX: Spirited RCB knock out CSK; qualify for play-offs!

A spirited performance from their bowlers saw Royal Challengers Bengaluru outclass Chennai Super Kings by 27 runs to qualify for the play-offs.

Banking industry doyen N Vaghul dies at 88

Veteran banker N Vaghul, who led the transformation of ICICI into a private sector lender, died on Saturday afternoon due to health complications. He was 88. Vaghul took over the reins of ICICI, then a public finance institution, in...

Northwest India swelters under extreme heat as mercury breaches 45 deg C mark

The Met office has issued a "red" warning for Delhi, Haryana, Punjab and west Rajasthan, stressing the need for "extreme care for vulnerable people".