Oak Hill Distributes Remaining EXL Position

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Oak Hill Capital Partners, L.P. and Oak Hill Capital Management Partners, L.P. (collectively, the "Oak Hill Partnerships") informed ExlService Holdings, Inc. (the "Company") that each Oak Hill Partnership distributed all of its remaining equity interest in the Company to its partners, or 5,542,504 shares of common stock of the Company in the aggregate (the "Distribution"). The Oak Hill Partnerships further advised the Company that certain of their partners who are unaffiliated with the Company and the general partner of the Oak Hill Partnerships, sold 2,115,470 of the shares of EXL common stock received in the Distribution in a block trade. The partners who hold the remaining 3,427,034 shares of EXL common stock received in the Distribution (including all of the partners who are affiliated with the general partner of the Oak Hill Partnerships) have elected to not participate in a sale at this time and will hold the shares for at least 45 days following the date of the Distribution.
Posted In: NewsOfferings
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