19 Jun, 2013
The Leela Palace, Bengaluru
Friday, August 3, 2012 - 17:30 IST
Sify sells stake in MF Global Sify Securities India for $25M
BY TEAM VCC
Sify's international partner and majority owner of the Indian JV, MF Global, filed for bankruptcy last November owing to bad bets on Eurozone debt.
NASDAQ-listed Indian Internet and IT firm Sify Technologies Ltd said it has completed the sale of its entire stake in MF Global Sify Securities India Pvt Ltd for Rs 139 crore ($25 million) in cash.
The...
To continue reading this article, you must be a Premium subscriber...
A Premium membership gives you:
- Access to all premium articles including exclusives, analyses & commentary.
- Access to archives of over six years.
- Exclusive interviews with top fund managers, CEOs and bankers.
JOBS
- Associate - Red Fort Capital Advisors Pvt Ltd
- The Private Equity Associate - Nereus Capital
RECENT COMMENTS
- 21 May 2013PhoenixonWell said Varadha. This comment of your is unclear, " LPs ought to maintain an arm's distance from GPs and...
- 21 May 2013AnooponThe biggest problem in Indian PE fund GPs is Ethics. They want Day-One-Carry rather than long term carry. There should...
- 20 May 2013varadhaonExits are not happening because a lot of businesses that PE funds invested into were not worthy of investments in the...
- 17 May 2013Santosh VermaonMohanjit, You have the ability to say something that can be said in 100 words in 5,000 words. Congrats on a well...
UPCOMING EVENTSchinetwork