Unlike last year when private equity participants exited through strategic deals with third party investors, this year PEs are opting to exit via initial public offerings route. Private equity fund SIF has already sold its 2.61 per cent stake in Firstsource Solutions, when the latter came out with its IPO. The forthcoming issue by rating agency ICRA will see IFCI and UTI-1 selling their stakes in the company. “As the Indian capital markets are doing well […]
Bennett, Coleman & Co (BCCL) has inked an agreement to pick up around 5% stake in Ahmedabad-based Sai InfoSystem (India).
“As a longterm strategy, the company may come up with an initial public offering in three years,” said Sunil Kakkad, … […]
UTI Bank is planning to set up a USD 500-million offshore fund, reports Economic Times. The bank received SEBI approval to start a PE fund in India as a domestic venture capital. It is now planning, to file for a … […]