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News Roundup: WNS looking at acquisitions of $5-20M, says CEO

10 September, 2012

WNS looking at acquisitions of $5-20M, says CEO: The Government should also help generate capabilities for youngsters to choose BPO as a career. WNS, which serves clients globally in insurance, travel, logistics and shipping, would look at acquisitions of $5-20 million this year. (Business Line)

GAIL eyes stake in Repsol’s unit: Repsol is seeking buyers for its 75% stake in Canaport, valued at C$550 million (Rs 3,115 crore) , as part of a move to sell LNG assets in Canada, Peru and Trinidad & Tobago. Canaport has a regasification plant at Saint John, an international seaport on North American east coast. India’s state-owned company will be a minority partner in the GNF consortium. (The Times of India)

Everstone leads race for stake in Hinduja Finance: Everstone, an India-focused private equity firm co-founded by Goldman Sachs bankers Sameer Sain and Atul Kapur, could invest Rs 150 crore for a stake of about 10% in Hinduja Leyland Finance. The deal, which has not yet reached agreement, is expected to value the Hinduja arm, mostly a truck financier, at about Rs 1,500 crore. (Economic Times)

Exide steps up efforts to acquire ING’s 26% stake in insurance JV: Raheja-led Exide Industries is intensifying efforts to buy out ING’s 26% stake in their insurance joint venture as the Dutch financial conglomerate is finding it difficult to find a buyer more than three years after beginning the search, two people familiar with the matter said. (Economic Times)

Tata Realty to float domestic, foreign funds to create mall chain: Tata Realty and Infrastructure Ltd (TRIL) will float domestic and overseas funds to acquire and build malls to create a mall chain. It is keen on expanding its Trilium mall brand as a chain of a dozen malls in large and small cities over the next three years. (Business Line)

Tech Mahindra scouting for more buys: Even as Tech Mahindra sews up the acquisition of Hutch’s call centre operations, the outsourcer is already scouting around for more.The company expects acquisition to enable it to get access to more customers, apart from increasing its skill sets. (Business Line)

Indian Bank may raise capital through FPO next fiscal: Indian Bank may come out with a follow-on public offer (FPO) next fiscal if market conditions improve, a top official said. “We do not require capital immediately…We may go in for FPO in the next fiscal (2013-14),” the state-owned bank’s Chairman and Managing Director T M Bhasin told PTI. (Business Standard)

Infosys in talks to acquire Spanish consulting firm: Infosys, India’s second largest IT services company, is in talks with Everis, a Spanish consulting company, for a possible acquisition.Started in 1996 as DMR Consulting, Everis employed 9,000 consultants globally as of March 31, 2011. In the fiscal year ended March 31, 2011, the company reported €506 million (approximately $635 million) in revenues, with an operating profit of €46 million (about $58 million). (Business Standard)

Bharti Infratel likely to file papers for Rs 5,000Cr IPO of 188M shares: Bharti Infratel, the tower arm of India’s largest mobile phone operator Bharti Airtel, is likely to file a draft prospectus with the market regulator early this week for raising Rs 5,000 crore through an initial public offering (IPO), two persons familiar with the development said. (Economic Times)

Courtesy: VCCEdge  

 

 

 

 

 

 

 

 


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News Roundup: WNS looking at acquisitions of $5-20M, says CEO

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