The Competition Commission of India (CCI) on Friday approved the sale of Essar Group-owned business process outsourcing (BPO) company Aegis to Singapore-based investment firm Capital Square Partners.
Last month, Essar Global's wholly-owned company AGC Holdings (AGC) Mauritius had entered into a definitive agreement with Singapore-based firm to sell its 100 per cents stake in ESM Holdings Mauritius which in turn owns Aegis.
In a tweet, the CCI said: "@CCI_India approves acquisition by CSP Alpha of 100 per cent share capital of ESM Holdings Ltd."
The group had entered the BPO sector in 2004 when it acquired the US-based Aegis Communications.
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