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Barclays looking to sell 50 pct stake in Intelnet Global Services – report

Barclays PLC has hired consultancy firm KMPG to sell its 50 pct stake in Intelnet Global Services, an Indian based business process outsourcing (BPO) unit, according to The Economic Times.
Intenlet Global is a 50:50 joint venture between Barclays and its local partner the Housing Development Finance Corp.
The decision follows HDFC''s decision to sell its entire holding in the BPO venture, the report said.

Barclays bought the stake for 19 mln stg in 2004.

Source : Euro2day

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