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...

Tribune Web Desk

Updated At : 12:23 PM Aug 11, 2021 IST

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.

“The transaction is expected to complete within 90 days, subject to approvals,” HGS said in a filing late on Monday night. — PTI

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles