Aviva has acquired a minority stake in Indian third party business process outsourcing service provider EXL Services.

According to a report, the deal went through for $12.5m.

EXL vice chairman and chief executive Vikram Talwar confirmed the investment but refused to give details of the size of the stake acquired, said the report.

Talwar said that the funds from the deal would be used for routine purposes and not for any expansion plans.

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