Suuti’s merchant bankers give proposal; deal value could be Rs 2,800 croreThe Ajay Piramal-promoted Piramal Enterprises is evaluating a proposal from merchant bankers to acquire a five per cent stake in Axis Bank through block deals. Bankers appointed by the Specified Undertaking of Unit Trust of India (Suuti) are preparing to offload the government’s 20.7 per cent stake. Last week, Suuti had appointed JPMorgan, Citigroup Global Markets and JM Financial as merchant bankers. Rediff.com, 1 month ago
Large private equity (PE) funds have joined the race for a stake in telecom tower company Viom Networks. Sources said buyout PE giants Apollo, Bain Capital and Advent International were interested in getting a significant minority stake in the company. About 45 per cent stake in Viom is held together by Srei Infrastructure and other PE investors. Viom has appointed Credit Suisse and Citi for the fund-raising. The Kanorias of SREI own 18 per cent and control management of the ...Rediff.com, 1 week ago Viom Networks to raise Rs 1,500 cr, may list on London Stock Exchange Rediff.com, 2 weeks ago
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