Hinduja Global to sell healthcare biz
New Delhi, August 10 Hinduja Group company Hinduja Global Solutions Ltd (HGS) will divest its healthcare services business to funds affiliated with Baring Private Equity Asia (BPEA), based on enterprise value of $1.2 billion. Post the divesture, the business process...
Updated At : 12:23 PM Aug 11, 2021 IST
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New Delhi, August 10
Hinduja Group company Hinduja Global Solutions Ltd (HGS) will divest its healthcare services business to funds affiliated with Baring Private Equity Asia (BPEA), based on enterprise value of $1.2 billion.
Post the divesture, the business process management company is looking at adopting a “string of pearls” acquisition strategy to strengthen its “triple A” play in analytics, automation and artificial intelligence as well as cloud.
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“The transaction is expected to complete within 90 days, subject to approvals,” HGS said in a filing late on Monday night. — PTI
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