Mumbai, July 18 -- Firstsource Solutions UK (FSL UK), wholly owned subsidiary of Firstsource Solutions, has executed a share purchase agreement (SPA) with Philip Peter Grant, Caroline Ann Grant, James Andrew Seroka and Joshua John Tierney Anthony, the shareholders of Pastdue Credit Solutions (PDC) for acquisition of 100% ownership in PDC for a consideration of GBP 22 million, including upfront payment & earnouts (Purchase Consideration) and subject to terms set out in the SPA and approval under National Securities and Investment Act 2021 (NSI Act) and from the Financial Conduct Authority (FCA).

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