Firstsource Solutions acquires US based company American Recovery Services

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Firstsource Solutions acquires US based company American Recovery Services
Firstsource net profit rises 28.3% to Rs 135 crore in September quarter
Business process management services provider Firstsource Solutions on Wednesday posted a 28.3 per cent rise in consolidated net profit to Rs 135 crore for the second quarter ended September 30.
Its net profit (attributable to owners of the equity) stood at Rs 105.2 crore in the year-ago period, Firstsource said in a statement.
Revenue from operations grew 20.3 per cent to Rs 1,418.2 crore in the reported quarter, from Rs 1,178.3 crore a year ago, it added.To this end, the company added several industry-leading technology partners to its ecosystem during the quarter, significantly strengthening its digital capabilities, he added.
Firstsource has also announced the acquisition of The StoneHill Group, a US-based mortgage services provider.
The cost of acquisition was "USD 27 million including earnouts payable on 1st anniversary from closing", as per a Firstsource Solutions regulatory filing.
StoneHill Group's revenue for the nine months ended September 30, 2021, stood at USD 17.3 million, it added.
The acquisition provides Firstsource with adjacent capabilities in the mortgage value chain and positions it well to leverage the strong
मल्टीबैगर स्टॉक्स की तलाश में हैं तो चेक कीजिए ये शेयर, FII और MF ने बढ़ाई हिस्सेदारी Low-priced-multibaggers-invest in 5 stocks-FIIs and MFs bet on these star performers of FY21
मल्टीबैगर स्टॉक्स की तलाश में हैं तो चेक कीजिए ये शेयर, FII और MF ने बढ़ाई हिस्सेदारी Low-priced-multibaggers-invest in 5 stocks-FIIs and MFs bet on these star performers of FY21
मल्टीबैगर शेयरों की तलाश सबको होती है। ये ऐसे शेयर होते हैं जिनकी कीमत तो कम होती है लेकिन उनके चढ़ने की संभावना बहुत ज्यादा होती है। ऐसे शेयर निवेशकों को बेहद पसंद आते हैं। मनीकंट्रोल ने ऐसे ही 5 शेयरों की लिस्ट बनाई है, चेक कीजिए आपके काम के हैं या नहीं ये शेयर। Firstsource Solutions IT की यह कंपनी आउटसोर्सिंग सर्विसेज मुहैया कराती है। 18 मार्च 2021 को कंपनी के शेयर 110.90 रुपए पर ट्रेड कर रहे…
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Firstsource Solutions jumps 10%; Rakesh Jhunjhunwala raises stake in company
Firstsource Solutions jumps 10%; Rakesh Jhunjhunwala raises stake in company
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MUMBAI: Shares of Firstsource Solutions surged over 10% on Friday on reports that ace investor Rakesh Jhunjhunwala raised his stake in the company to 2.88% during the June quarter.
At 1205 pm, shares of Firstsource Solutions traded at ₹43.45, up 7.5% from its previous close, while the benchmark Sensex was down 0.6% at 36,498.13. In the June quarter, Jhunjhunwala bought 57 lakh equity…
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Firstsource Solutions, a leading, Indian-owned provider of business process management (BPM) services, has today announced the company’s continued commitment to its extensive operations in the UK. Rajesh Subramaniam, CEO at Firstsource, made the announcement at the 2018 NASSCOM TechUK i2i Forum in the presence of both the UK prime minister, Theresa May, and Narendra Modi, prime minister of India.
Firstsource Solutions Rises After Unit Repays Outstanding Debt
Firstsource Solutions Rises After Unit Repays Outstanding Debt
Gold Silver Reports (GSR) – Firstsource Solutions Rises After Unit Repays Outstanding Debt — Shares of the Mumbai-based IT services company rose as much as 3.58 percent to Rs 54.90 after its U.S. unit repaid outstanding debt on March 29, the company said in an exchange filing.
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