HCL Technologies to acquire EXL?
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CNBC had reported earlier that NASDAQ-listed BPO firm EXL Services was on the market for sale. CNBC went on to announce that HCL Tech has sent an expression of interest to evaluate the acquisition of 50% stake in EXL Services.
It was reported that large-scale EXL Services investors like Oak Hill (holds 36.5%), BlackRock (holds 11.3%) and Vikram Talwar (the executive chairman in the company, who holds 2.8%) were looking at exiting with a valuation of $533 mil.
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