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Prem Watsa's Fairfax to buy 51% in Tata's BPO arm for ₹153cr
short by Krishna Veera Vanamali / on Tuesday, 21 November, 2017
Bangalore-based Quess Corp, controlled by India-born Canadian billionaire Prem Watsa's Fairfax Financial Holdings, has agreed to buy a 51% stake in the business process outsourcing arm of Tata Group. Quess will pay ₹153 crore in cash for the stake in Hyderabad-based Tata Business Support Services (TBSS). TBSS has a workforce of 27,000 employees and reported ₹661 crore revenue in 2016-17.
read more at Bloomberg Quint