Financial Times FT.com

India’s Firstsource stake put on sale

By Sundeep Tucker in Hong Kong and Joe Leahy in Mumbai

Published: September 7 2008 22:32 | Last updated: September 7 2008 22:32

A key stake in Firstsource, one of India’s leading business-process outsourcing companies, has been put up for sale – in a move that could trigger an ownership shake-up in the sector.

Metavante, a US-based banking technology group, has appointed Goldman Sachs to find a buyer for its 20 per cent holding in the Mumbai-listed company, India’s third biggest BPO by revenues. First-round bids are expected this month.

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