Barclays bank acquires stakes in Intelenet

MUMBAI, INDIA: Blackstone owned Intelenet Global Services Pvt Ltd (Intelenet), today announced that it has entered into a strategic partnership with Barclays Bank Plc, a global financial services provider.

As part of the partnership Barclays has acquired a 12.75 per cent stake in SKR BPO Services, the holding company of Intelenet Global Services. Barclays Capital and Morgan Stanley were the bankers for this deal.

Susir Kumar, Intelenet, managing director and CEO said, “Barclays has always been and will continue to be a 'Stellar Partner' for Intelenet. We are pleased to again welcome Barclays as a shareholder and are grateful to them for their unwavering support.”

He further added that this deal goes onto demonstrate the trust and the exemplary working relationship between both the organizations over the last 6 years.