blackstone

Tata Tea on a global visit, to bid for Cadbury Scheweppes beverage arm

29 jun 2007

Tata Tea on a global visit, to bid for Cadbury Scheweppes beverage arm
Tata Tea’s appetite for global beverages companies doesn’t seem to dwindle. After buying Tetley, Good Earth, Eight O’ Clock Coffee, Himalayan Water and selling 30% stake in Glaceau for handsome profit, Tata is likely to bid for US drinks arm of UK-based Cadbury Schweppes.

Citigroup may hive off its BPO arm to a PE investor

19 jun 2007

Citigroup may hive off its BPO arm to a PE investor
After the Blackstone-HDFC-Barclays BPO deal, another big player Citigroup is in talks to sell 80% stake in its BPO arm Citigroup Global Services (formerly eServe International). The deal could be all-cash worth $700-750 million (Rs2,870-3,075 crore), valuing it at around $0.95billion.

Patni Computer family battle may lead to new partner

18 may 2007

Patni Computer family battle may lead to new partner
The corporate battles are being foight inside homes these days rather than in closed-room offices. After the recent Bajaj division and Reliance demerger, another family owned IT company – Patni Computer Services is on verge of being restructured.