Intelenet delists Sparsh BPO

Intelenet Global Services Private Limited has issued a public announcement with reference to the delisting of the equity shares of its subsidiary Sparsh BPO Services Ltd. The objective of Intelenet in making the delisting offer is to obtain full ownership of Sparsh BPO, which will provide Intelenet with increased operational flexibility to support Sparsh BPO's business and meet the needs of its customers.

Intelenet seeks to acquire 4,046,775 Equity Shares representing the balance 25.06 % of the equity share capital of the Company from the public shareholders and proposes the delisting of the Equity Shares of the Company from the Bombay Stock Exchange Limited pursuant to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (Delisting Regulations.