Excel Infoways

Excel Infoways inks ‘Business Alliance’ with Business Processes Redefined

Excel Infoways inks ‘Business Alliance’ with Business Processes Redefined Mumbai-headquartered Excel Infoways Ltd has entered into a business alliance with Business Processes Redefined. LLC (BPR), a US based receivables management firm to provide call centre and debt collection services.

Both partners believe that this business alliance will significantly boost revenue and reputation of both companies.

Excel Infoways IPO subscribed 1.97 times

Excel Infoways IPO subscribed 1.97 times  Mumbai-headquartered Excel Infoways initial public offer (IPO) finally ended on Friday, 17 July 2009 with subscription of 1.97 times, receiving bids for 1.11 crore shares as against 56.67 lakh shares on offer.

The IPO was subscribed 1.9 times, with retail investor's portion getting subscribed 2.64 times. The portion reserved for non-institutional investors was subscribed 5.30 times. The qualified institutional buyers (QIBs) portion was subscribed 0.48 times.

The price band of the issue, which opened on 14 July 2009, has been fixed at Rs 80-85 a share.

Excel Infoway IPO to open on 14 July

Mumbai-headquartered Excel Infoway is entering the capital market with its initial public offer of 5.7 crore equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process to finance its expansion plans.

The price band of the issue has been fixed at Rs 80-85 a share. The initial public offering (IPO) will open on July 14 and close on July 17, 2009.

The issue will constitute 26.93% of the fully diluted post issue paid-up capital of the company.

Excel Infoway, a business process outsourcing (BPO) and Customer contact centre and caters primarily to clients from telecommunication and financial sectors. The firm is registered member of NASSCOM.




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