Satyam BPO gets $10 mn investment
By siliconindia   |   Monday, 20 October 2003, 19:30 IST
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HYDERABAD: Satyam Computer Services Ltd has announced that Olympus Capital Holdings Asia and Intel Capital Corporation have invested $10 million in Nipuna Services Ltd, the business process outsourcing subsidiary of Satyam. A similar amount will be invested in the second phase, which is expected to close by December 2003, making a total investment of $20 million. Olympus Capital Holdings Asia is an investment management firm solely focused on private equity investments in companies operating in Asia. Olympus Capital will appoint Dilip Kothari, an Olympus managing director based in Singapore, on to Nipuna’s board to help the company to develop financial services client opportunities. Satyam had set up Nipuna in June 2002 to provide BPO services.

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