PeopleSupport Inc. said its stockholders on Wednesday had voted overwhelmingly in favor of the company's $250 million merger with Indian conglomerate Aegis BPO.

Mumbai-based Aegis will pay shareholders $12.25 a share in cash for the Los Angeles company, which operates offshore call centers for other businesses. PeopleSupport will become part of its Essar Services subsidiary.

Stockholders approved the deal by more than 75 percent of the shares of common stock outstanding as of August 22, when the deal was announced.

Essar Services said it plans to close the deal no later than Oct. 31. The company caused concern earlier in the week when it asked for more flexibility in closing the transaction due to the current volatile economy.

While the deal does not require financing, Essar cited, "the unprecedented disruptions in global capital markets affecting movement of funds" as a reason for wanting more time to close the deal

PeopleSupport shares were up 6 cents, or 1 percent, to $11.40 in morning trading on the Nasdaq.

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