from http://articles.economictimes.indiatimes.com/2006-08-15/news/27446343_1_fortis-financial-services-asian-cerc-information-technology-ranbaxy-group
The Ranbaxy Group's financial services arm, Fortis Financial Services, on Monday struck a deal to acquire a majority stake in the Bangalore based IT solutions provider Asian CERC in an attempt to establish a foothold in the IT space.
ACERC provides content and information technology solutions to broking houses in the country. The company's trading and settlement platform is used by medium and large brokerages for trading on the BSE and the NSE.
Sunday, April 10, 2011
Carlyle, KKR eye ICICI stake in 3i Infotech
from http://www.reuters.com/article/2009/12/08/icici-3iinfotech-idUSBOM2005020091208
Private equity firms Carlyle, Apax Partners and Kohlberg Kravis Roberts KKR.AS are interested in buying India's ICICI Group's 27 percent stake in IT firm 3i Infotech (TIIN.BO), the Economic Times reported on Tuesday.
The acquisition will require the buyer to launch a mandatory open offer for a further 20 percent from other shareholders, taking the deal value to 8 billion-9 billion rupees ($170 million-$190 million), the newspaper said quoting an unnamed investment banker.
"It is a financial investment and we look at opportunities to unlock value on an ongoing basis," it quoted an ICICI spokesman as saying.
Private equity firms Carlyle, Apax Partners and Kohlberg Kravis Roberts KKR.AS are interested in buying India's ICICI Group's 27 percent stake in IT firm 3i Infotech (TIIN.BO), the Economic Times reported on Tuesday.
The acquisition will require the buyer to launch a mandatory open offer for a further 20 percent from other shareholders, taking the deal value to 8 billion-9 billion rupees ($170 million-$190 million), the newspaper said quoting an unnamed investment banker.
"It is a financial investment and we look at opportunities to unlock value on an ongoing basis," it quoted an ICICI spokesman as saying.
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