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Genpact, the leading BPO firm of country has also joined the race to acquire Lehman Brothers’ Mumbai-based captive back-office unit.
Earlier to this, Wipro has also disclosed its similar intentions. Till updates, Genpact has not disclosed the sum for making a buy out. Genpact is in the process of investigating some profitable ventures in India for acquisitions.
The company sources claimed these reports as rumors only but buzz is catching strong with the market.
Lehman Brothers’ is a leading financial firm in US and has filed for bankruptcy recently. Its India based unit back-office operations and analyses for Lehman’s India and global operations.
Even Lehman Brothers is also silent on its possible deal with Genpact.
Incidentally, reports claiming that Credit Suisse, Barclays and IT services companies like Wipro Technologies and Copal are also interested to acquire the captive unit.
But the most striking question among all these rumors is “valuation.” How a firm with no revenue stream can be valued?
Earlier also the company has also shown its interest in making buy outs with revenues of about $150-200 million. Lalit Yadav/ITVoir Network |
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