Benpres sells call center unit to Indian group

Benpres Holdings Inc. has sold its wholly-owned subsidiary Customer Contact Center Inc. (C-Cubed) to the India-based conglomerate Hinduja Group, the company said in a disclosure to the Philippine Stock Exchange.

The Hinduja Group is trans-national conglomerate operating in over 20 countries. It has a leadership position in automotive manufacturing, financial services, banking, chemicals & agri-business, and infrastructure project development.

There were no other details given by Benpres on the sale of C-Cubed, where it has a capital infusion of P100 million.

C-Cubed currently operates four call centers in Metro Manila with its main facility located in Eastwood City Cyberpark in Libis, with a capacity of close to one thousand seats.

The sale of C-Cubed is in line with the Benpres Group’s divestment program aimed at strengthening its liquidity position.

The group is divesting non-core assets to pay off maturing obligations and to focus on its bread-and-butter businesses – power generation and media.

Among the assets Benpres may divest to bring down overall debts to a more manageable level are its interests in First Philippine Infrastructure Development Corp., Sky Vision's Beyond Cable and Rockwell Land.