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Metavante evinces interest in divesting stake from Firstsource

Metavante evinces interest in divesting stake from Firstsource
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First Published: Mon, Sep 08 2008. 07 30 PM IST
Updated: Mon, Sep 08 2008. 07 30 PM IST
New Delhi: Indian back office processing company Firstsource refused to comment on reports that a key investor has put up its stake in the company for sale.
The Financial Times (FT) reported that Metavante, a US based banking technology group has evinced interest in divesting its 20% stake from Firstsource and Goldman Sachs has been appointed to find a suitable buyer.
FT however did not cite any sources. There has been speculation that ICICI Bank which owns 27% was also seeking to divest its stake holdings from Firstsource.
The stocks of Firstsource opened at Rs46 at the BSE, and closed at Rs45.05.
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First Published: Mon, Sep 08 2008. 07 30 PM IST