Blackstone will own 80% of Intelenet while about 300 to 400 senior employees of the firm will own the remaining 20%. Details of the price were not disclosed by the buyer or sellers. Sources, however, speculate that the Indian outsourcing company was valued at around $200 million.
Intelenet posted consolidated revenues of Rs3.8 billion $92 million and profits of Rs611 million for the most recent fiscal year ended March 31, 2007. The company is on a high-growth trajectory with revenues growing by 41% from Rs2.7 billion in the previous year....
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