Finance ministry approves Blackstone''s investment in SKR BPO Services

23 Aug 2007

1

Private equity firm Blackstone Group has receive the finance ministry''s approval to invest approximately Rs447 crore in Indian back-office services provider, SKR BPO Services, which had bought over business process outsourcing firm Intelenet Global Services from Barclays Bank and Housing Development Finance Corp in June this year.

SKR BPO Services was started by the management of Intelenet, with funding from Blackstone.

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