stake

Google may partner Anil Ambani for sub-sea cable project

26 sep 2007

Google may partner Anil Ambani for sub-sea cable project
Internet giant, Google is beefing up the infrastructure to make use of rising internet usage across globe especially in Asia-Pacific regions by setting up its own under-sea cable across Pacific, under a project called Unity.

LML on recovery path – a tough road to ride

14 aug 2007

LML on recovery path – a tough road to ride
In the era of gearless scooters and motorcycles, the BIFR referred LML (Lohia Machines Ltd.) has introduced its 2 geared scooter models in Delhi. LML has been a sick company since it closed down its production facility at Kanpur in February 2006.

Spicejet attracts Ryanair interest

01 aug 2007

Spicejet attracts Ryanair interest
The Indian low-cost carrier model is being looked with interest not only from domestic players like Jet, Kingfisher and Paramount but also from foreign players. Dublin-based Ryanair, Europe’s biggest low-cost carrier is learnt to be interested in picking up a stake in SpiceJet.

Angel Broking diluting stake to PE investors

23 jul 2007

Angel Broking diluting stake to PE investors
The trend is catching on. Most of the Indian stock broking players are reducing their dependence on pure broking services to ofeering value-added services. After Motilal Oswal, Edelweiss, India Infoline, its now Angel Broking which is in talks to sell 20% of its stake to Private Equity investors such as Lehman Brothers, Warburg Pincus and Carlyle Group.

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 takeover – more players join the fray

06 jun 2007

Patni takeover – more players join the fray
After rumours of two Patni brothers selling out their 28% stake to a clutch of foreign PE players, now another PE player, UK based Apax partners has jumped into the fray and wants to buy stake of 2 promoter brothers and General Atlantic’s 16% stake for over $800 million, valuing the company at around Rs.