StarTek looks at digital buys to tide over its Aegis trough

Bengaluru: Global business process outsourcing company StarTek will look at digital acquisitions to accelerate growth, its newly named CEO Aparup Sengupta has told ET.

The move is expected to help the New York Stock Exchange-listed company recover from its tough merger with Indian business process management company AegisNSE -1.19 %.

Private equity firm Capital Square Partners, which bought Aegis and merged it with StarTek in 2018, has gone underwater on the deal as it had bought StarTek shares at $12 apiece, and the stock is currently trading at less than $8. CSP owns approximately 55% of the firm.