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.
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