Indian business process outsourcing firm exl Service has sold a minority stake in its parent to Britain’s largest insurer, Aviva, for $12.5 million. Vikram Talwar, exl’s vice-chairman, told Reuters the British insurer had bought the stake in ExlService Holdings, Inc., the U.S.-registered parent of exl Service.com India Pvt. Ltd., India’s ninth largest back-office company by revenue.
UK Insurer Aviva Buys Stake In Exl Outsourcing Company In India
Indian business process outsourcing firm exl Service has sold a minority stake in its parent to Britain's largest insurer, Aviva, for $12.5 million. Vikram Talwar, exl's vice chairman, told Reuters the British insurer had bought the stake in ExlService Holdings,