US-based buyout fund Carlyle, Providence Equity Partners, Warburg Pincus and Blackstone are understood to be exploring a buyout of Temasek's holding in Mumbai-based pure-play business process outsourcing firm Firstsource.
The news triggered the company's share price to rise 6.76 per cent on the Bombay Stock Exchange (BSE) to close at Rs 43.45 on Tuesday. Warburg Pincus has a stake in WNS, a BPO company, while Blackstone has a majority stake in Intelenet. "By the end of the day, they are private equity funds and they will look at monetising their holdings in portfolio companies," said a source.
Full Story: Firstsource suitors eye Temasek's holding
The news triggered the company's share price to rise 6.76 per cent on the Bombay Stock Exchange (BSE) to close at Rs 43.45 on Tuesday. Warburg Pincus has a stake in WNS, a BPO company, while Blackstone has a majority stake in Intelenet. "By the end of the day, they are private equity funds and they will look at monetising their holdings in portfolio companies," said a source.
Full Story: Firstsource suitors eye Temasek's holding
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