Firstsource Solutions gains as its arm completes acquisition of 100% stake in The StoneHill Group

Firstsource Solutions is currently trading at Rs. 187.20, up by 3.60 points or 1.96% from its previous closing of Rs. 183.60 on the BSE.

Firstsource Solutions

The scrip opened at Rs. 184.20 and has touched a high and low of Rs. 189.50 and Rs. 181.95 respectively. So far 522507 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 242.65 on 19-Jul-2021 and a 52 week low of Rs. 84.25 on 01-Feb-2021.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 150.75 respectively. The current market cap of the company is Rs. 12995.77 crore.

The promoters holding in the company stood at 53.66%, while Institutions and Non-Institutions held 24.43% and 21.90% respectively.

Firstsource Solutions’ step-down subsidiary — Sourcepoint, Inc. has completed the acquisition of 100% stake in The StoneHill Group, Inc. (TSG) on December 24, 2021. Earlier, the Stock Purchase Agreement was signed on November 09, 2021 to acquire TSG, a leading US mortgage services provider. The said transaction has been completed, subject to regulatory approvals.

Firstsource Solutions is a global provider of business process management services.

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