Startek to acquire 26% stake in CSS Corp for $30 million
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Last Updated: Mar 16, 2021, 07:54 PM IST
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Synopsis
Startek, which has merged its business with India's Aegis, has invested $30 million in IT services firm CSS Corp in a limited partnership managed by Startek’s majority shareholder, Capital Square Partners.
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Mumbai: NYSE-listed BPM firm Startek which had merged its business with Indian BPO firm
Aegis has invested $30 million in IT services firm CSS Corp in a limited partnership managed by Startek’s majority shareholder, Capital Square Partners.
Startek will acquire 26% indirect beneficial interest in CSS. It will also have the option to acquire a controlling stake in the company. The company however said in a statement that the option to acquire majority stake was at its discretion and that Startek is not obliged to do so.