Indian BPO raises 37 million pounds in London -Governance Now

Indian BPO raises 37 million pounds in London

iEnergizer becomes first Indian BPO to join AIM

PTI | September 15, 2010

Noida-based iEnergizer, a BPO player, has become the first Indian BPO to be listed on the alternative investment market (AIM) of the London Stock Exchange, having successfully raised USD 57-million in one of the five largest IPOs on the AIM so far this year.

iEnergizer is a full-service BPO firm providing high-end back office support in banking, financial services, insurance, entertainment and telecommunications to companies based predominantly in the USA, Australia and India.

Welcoming the company to AIM, Ibukun Adebayo, Head of Business Development -- India, Middle East & Africa at the London Stock Exchange said in a statement that "we are delighted to welcome our first Indian BPO company to AIM.

iEnergizer's debut is the latest example of how over the past five years, AIM has become a popular equity financing source for companies from India's high-growth sectors such as infrastructure, conventional and renewable energy and media and entertainment."

There are currently 67 Indian or India-focused companies on the London Stock Exchange's markets, which have collectively raised USD 7.5-billion, the statement said.

A record 82.5-billion pounds was raised through new and further issues of equity on the London Stock Exchange during the course of 2009.

Over USD 10-billion has been raised by IPOs in London so far in 2010, with Indian companies accounting for over USD 2-billion.

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