Firstsource Solutions shines as its arm to acquire 100% ownership in Ascensos
Firstsource Solutions is currently trading at Rs. 324.55, up by 9.70 points or 3.08% from its previous closing of Rs. 314.85 on the BSE.
The scrip opened at Rs. 322.00 and has touched a high and low of Rs. 325.35 and Rs. 318.40 respectively. So far 118744 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 343.85 on 20-Aug-2024 and a 52 week low of Rs. 148.40 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 328.55 and Rs. 294.55 respectively. The current market cap of the company is Rs. 22219.95 crore.
The promoters holding in the company stood at 53.66%, while Institutions and Non-Institutions held 28.88% and 17.47% respectively.
Firstsource Solutions’ wholly owned subsidiary -- Firstsource Solutions UK (FSL UK) has executed a share purchase agreement (SPA) with the Shareholders of Ascensos, UK (Ascensos) for acquisition of 100% ownership in Ascensos for a consideration of GBP 42 million, including upfront payment & earnouts and subject to terms set out in the SPA.
Upon completion of the transaction, Ascensos will become a subsidiary of FSL UK and in turn a step- down subsidiary of the Company.
Firstsource Solutions is a global provider of business process management services.
