Citigroup restructures shareholding of Indian BPO arm

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Citigroup restructures shareholding of Indian BPO arm

Citigroup Inc has restructured the shareholding of its Indian BPO arm ahead of its sale. The shares of Citigroup Global Services, the BPO arm of the world's largest financial services company, have been transferred from one company to another within Citigroup. The group is all set to pay a tax of Rs 300 crore on the capital gains from the transfer of the shares which are not listed on the stock exchange.

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