Firstsource Group USA enters into option purchase agreement for Sourcepoint

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Capital Market
Last Updated : Jul 30 2021 | 12:50 PM IST

To pay consideration of up to USD 34.25 million on deferred basis

Firstsource Solutions announced that Firstsource Group USA Inc. (FGUSA), a subsidiary of the Company has entered into an option purchase agreement whereby FGUSA has purchased the Counterparty's option to purchase shares in Sourcepoint, Inc. (Sourcepoint), a subsidiary of FGUSA in exchange for a fixed consideration of USD 23 million (on a deferred payment basis) and a contingent consideration of up to USD 11.25 million based on additional revenues realised by Sourcepoint through the Counterparty.

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First Published: Jul 30 2021 | 12:35 PM IST

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