Acquisition and Divestment of a Different Type

Mumbai based IT company GTL has enterred into an agreement with ICICI Bank and Spanco Telesystems to lease out its BPO assets for 25 years for Rs 253 croes. GTL has two BPO facilties with a combined capacity of 1500 seats and 1.5 lakh sq ft area. As it is a lease agreement, GTL will keep its real estate and also will continue to provide instrastructure management, telecom services, facilities management and offer other professional services to these BPOs.