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

Tracking global change in IT Infrastructure
  • Datacloud Nordic 2016
  • Datacloud Nordic 2016

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

Data Center Luxembourg

Datacloud Nordic 2016

Get the latest Datacentre industry news

Subscribe now to receive your daily news email with insights, worldwide headlines & much more, and it's FREE.

Sign-up today and receive a free detailed overview of the acclaimed "Western Europe Data Centre Market" Report plus unique 25% discount off the full price.