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Firstsource Solutions gains on inking pact to acquire American Recovery Services

30 Dec 2021 Evaluate

Firstsource Solutions is currently trading at Rs. 183.30, up by 1.10 points or 0.60% from its previous closing of Rs. 182.20 on the BSE.

The scrip opened at Rs. 183.90 and has touched a high and low of Rs. 186.30 and Rs. 179.60 respectively. So far 310548 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 242.65 on 19-Jul-2021 and a 52 week low of Rs. 84.25 on 01-Feb-2021.

Last one week high and low of the scrip stood at Rs. 189.50 and Rs. 172.15 respectively. The current market cap of the company is Rs. 12775.68 crore.

The promoters holding in the company stood at 53.66%, while Institutions and Non-Institutions held 24.43% and 21.90% respectively.

Firstsource Solutions has entered into an agreement to acquire American Recovery Services, Inc. (ARSI), a nationwide legal collections network headquartered in Southern California. The acquisition enhances Firstsource’s leadership in consumer debt management services by adding legal stage collections capabilities.  Both ARSI and Firstsource are pioneers in driving best-in-class debt recovery compliance, using advanced technology and emphasizing a positive consumer experience. These shared tenets add to the symmetry of this combination.

Firstsource has earned its spot as a leader in providing high quality and responsible collection services in the early and late-stage receivables management business. By adding ASRI’s deep domain expertise to their portfolio of services, Firstsource will now be able to help clients navigate the more complex legal collections process, all from under one roof.

Firstsource Solutions is a global provider of business process management services.

Firstsource Solution Share Price

220.35 4.35 (2.01%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
eClerx Services 1490.05
Info Edge 1027.55
Firstsource Solution 220.35
Affle 3i 1418.75
Hinduja Global Soln. 410.60
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