Investment in IOS
06 Diciembre 2004 - 1:01AM
UK Regulatory
RNS Number:0349G
Blue Star Capital plc
06 December 2004
For immediate release 6 December 2004
BLUE STAR CAPITAL PLC
("Blue Star")
Investment in India Outsourcing Services plc
Blue Star Capital plc (AIM: BLU), the company created to provide seed capital
for early stage companies, is pleased to announce it has taken a 56.7 per cent
stake in India Outsourcing Services plc, a company that today begins trading on
the Alternative Investment Market (AIM).
Blue Star led the formation of India Outsourcing Services (AIM: IOS), a company
formed to capitalise on acquisition and investment opportunities in the Indian
business process outsourcing (BPO) market.
Blue Star invested #285,000 in India Outsourcing Services, in return for 56.7
per cent of the company's shares.
India Outsourcing Services is the first company to be formed by Blue Star
following Blue Star's flotation on AIM in October 2004.
Nigel Robertson, Blue Star's Chairman, said: "The formation, funding and
flotation of India Outsourcing Services marks a significant achievement for Blue
Star, just two months after Blue Star's flotation. The transaction highlights
the pace and quality of dealflow we intend to deliver at Blue Star with the
objective of creating value for our shareholders."
ENDS
For further information:
Blue Star Capital plc Tel: 020 7070 7283
Nigel Robertson, Chairman
Haresh Kanabar, Chief Executive
Durlacher Limited Tel: 020 7459 3600
Jonathan Retter
Katherine Roe
Buchanan Communications Tel: 020 7466 5000
Mark Court
Elly Williamson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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