Source: The Economic Times

KPMG : KPMG US and UK units buy 33% stake in India's KGS for $210 million in first Big Four captive divestiture

KPMG International's US and UK entities have jointly acquired a 33% stake in KPMG Global Services (KGS) from its Indian member firm for $210 million. This marks the first divestiture of a Big Four captive in India.

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KPMG is a Netherlands-based management consulting firm that provides services such as risk assessment and internal auditing for sectors including financial and retail.