Kapil Puri to sell off Sparsh stake

Kapil Puri, original promoter of Sparsh BPO, now owned by Blackstone controlled Intelenet, has decided to sell his residual stake of 12%.

Intelenet is awaiting regulatory approvals for the buyback. Puri intends to offer it all to intelenet, but incase of a spillover, will selloff to outsiders.

The sell off comes as he heads to develop Spanco's new BPO business after the may2007 no compete agreement has expired. Spanco's new BPO has already clocked Rs.35 Cr. of revenue

Intelenet, itself, has undergone a key change after buying out Sparsh. It went through a management buyout backed by PE firm Blackstone, which now owns 80% stake in the company

Reports ET

Graffiti

Global M&A trend. Where do you see it headed this year? The writting's on the wall.

Graph courtesy DealBook

Yatra invests 6.69 Mn in Saket for 26.05%

CNBC reports that Yatra Capital Ltd. has invested 6.69 Mn. euros for a 26.05 % in Saket Engineers Pvt. Ltd, a Hyderabad-based residential real estate development company.

Yatra Capital said with this, it now has invested in 12 deals and has used 153.03 million euros of the 220 million euros it has earmarked for investments in the Indian real estate market.