This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

Datacentres Europe
Datacentres Europe
Tracking global change in IT Infrastructure
  • Datacentres Europe 2014
  • Datacentres Europe 2014
  • Datacentres Europe 2014
  • Datacentres Europe 2014

News Archive

Essar in talks to raise up to US$600 million for BPO arm

The IT services arm of Indian steel-to-oil conglomerate Essar Group is in talks to raise US$500 million to US$00 million through a US initial public offering and the sale of a stake to private equity firms, sources familiar with the matter said.

Essar's Aegis Ltd is in talks with private equity investors including US-based Warburg Pincus and General Atlantic to raise as much as USD 200 million in an equity placement prior to an IPO, sources said, declining to be named as they were not authorised to speak to the media before public announcement.  Aegis aims to raise as much as US$ 300 million to US$ 400 million in a US listing, the sources said.

Source: Money Control

Here for full article

DigiPlex

MigSolv

Data Centre Poll