Essar sells BPO business Aegis for up to â¹2,000 crore
Ruias-led Essar Group on Monday announced the sale of its BPO company Aegis to Singapore-based Capital Square Partners for an estimated $275 to $300 million (up to â¹2,000 crore). The sale marks Essar's complete exit from BPO business. The proceeds will be used to retire Essar's debt, the company said, adding that the transaction is expected to close by June.