Should India be able to decouple itself from US Subprime Impact?

Thursday, October 11, 2007

Citi asks Genpact to match Firstsource bid

MUMBAI: Citigroup has asked Genpact to match the higher bid put in by Firstsource Solutions for its captive BPO operations. The two players were in the final round of the race for Citigroup’s BPO, Citigroup Global Services, that was put up for sale earlier this year. Genpact was tipped as the favourite, but in the final round, Firstsource bid higher than Genpact, sources close to the development said. Citi now wants Genpact to match the Firstsource offer, they added.

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