On August 9, Hinduja Global Solutions (HGS), the BPO division of the corporate giant Hinduja Group has announced the sale of its healthcare services business to Barings Private Equity Asia for enterprise value of $1.2 billion.

The sale was announced after a board-meet, as a part of plan to unlock value for all shareholders.

In a late evening exchange filing, HGS said, “The proposed transaction is subject to completion of conditions precedent including regulatory approvals and approval of the shareholders of the company.”

In the financial year that ended in March, the revenues of HGS were $753.9 million, out of this 53% revenue was contributed by healthcare vertical.