Portland Private Equity L.P. and PanJam Investment Limited (JMSE:PJAM) entered into an agreement to acquire 30% stake in itelBPO Smart Solutions on November 15, 2019. Portland Private Equity and PanJam Investment will each acquire 15% stake in itelBPO. Portland Private Equity L.P. and PanJam Investment Limited (JMSE:PJAM) cancelled the acquisition of 30% stake in itelBPO Smart Solutions on November 15, 2020.