Announced
Synopsis
Davis Polk & Wardwell advised THE OROGEN GROUP on its $150 million investment in EXLSERVICE HOLDINGS INC. Under the terms of the investment, THE OROGEN GROUP is purchasing $150 million in aggregate principal amount of 3.50% convertible senior notes due 2024 of EXLSERVICE HOLDINGS INC., with an initial conversion price of approximately $75.00 per share, and Vikram Pandit, Chairman and Chief Executive Officer of THE OROGEN GROUP, is joining EXLSERVICE HOLDINGS INC.’s Board of Directors.
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