Barclays to sell stake in Indian BPO unit

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Barclays to sell stake in Indian BPO unit

Barclays Bank is selling its stake in Intelenet Global Services, a Business Process Outsourcing (BPO) services provider that it owns jointly with India's Housing Development Finance Corporation (HDFC). The bank is planning to set up its own subsidiary in India in order to have full control over its growing outsourcing operations. Both Barclays and HDFC are selling their stakes in Intelenet to SKR BPO Services.

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