Intelenet mulls splitting businesses ahead of IPO

Global business process outsourcing firm Intelenet is likely to split its domestic and international business in India ahead of a planned initial public offering (IPO). The Blackstone-owned company is planning to raise funds in an IPO in one to two years, according to a senior official. About 35% of Intelenet’s business comes from India, with the rest coming from the US and UK markets. Executive chairman Susir Kumar Mangalore said the company is contemplating whether to list the businesses separately or together. The firm, which owns Sparsh BPO Services Ltd, is now looking at acquisitions both in the domestic and overseas markets and is particularly interested in Philippines, China, Europe and Latin America.