Top News

Bain Capital may acquire 40% stake in Genpact: reports

Private equity firm Bain Capital Partners is in talks with institutional investors in Genpact for an equity stake in the business process outsourcing company, according to reports.

Reports stated that the deal, said to be valued at over $1 bn, is likely to be announced soon.

 Bain is in talks to acquire about 40% equity in the BPO company, held by private equity funds General Atlantic and Oak Capital.

Domestic News

Birla Shloka Edutech acquires 51.1% stake in Ojus Healthcare

Birla Shloka Edutech Limited (BSEL), a Yash Birla group company and a leading player in Educational Services, has announced the acquisition of 51.1% stake in Bengaluru-based Ojus Healthcare Private Ltd.Owing to the majority ownership, Ojus Healthcare has allotted 12,50,000 equity shares and has become a subsidiary of BSEL. Under the terms of acquisition, the operations of Ojus will be managed jointly by BSEL and Ojus’s promoters. Further, two of BSEL’s personnel (Mr Vijay Mishra and Mr Sunil Abraham) have duly been appointed on the Board of Ojus.
 
Being in consortium with ITI Ltd (GoI Undertaking), Ojas has been awarded the status of Enrollment Agency by the UIDAI. Presently company is implementing few e-governance projects like UID (Aadhaar project). The Company also has bagged UID Project from Canara Bank & Bank of India for PAN India operations while discussions are in final stage with IDBI.  Presently, Ojus along with BSEL has commenced operations for UID projects in Madhya Pradesh, Kerala and Chhattisgarh.