Blackstone in talks to buy minority stake in India’s Sify
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Blackstone in talks to buy minority stake in India’s SifyBy Gillian Tan, Cathy Chan, Bloomberg
Last Updated: Mar 05, 2021, 02:02 PM IST
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Synopsis
The communications infrastructure firm has sought a valuation of around $1 billion to $1.2 billion in a transaction.
Sify, led by Chairman Raju Vegesna and CEO Kamal Nath, owns and operates data centers as well as India’s largest multiprotocol label switching, or MLPS, network, its website shows.
Blackstone Group Inc. is in exclusive talks to acquire a minority stake in India’s Sify Technologies Ltd., according to people with knowledge of the matter.
The Blackstone Group L P (NYSE:BX), Sify Technologies Limited (NASDAQ:SIFY) - Blackstone Explores Minority Stake Acquisition In India s Sify: Bloomberg benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Blackstone in Talks to Buy Minority Stake in India s Sify bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
Updated Mar 03, 2021 | 13:36 IST
The IPO market is burgeoning with offers owing to cheap liquidity, right market conditions. Most public offers issued in the first two months of 2021 got oversubscribed multiple times and gave listing gains It s raining IPOs: 10 public issues likely to hit market in March | Photo Credit: Thinkstock
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Among those looking to cash in the exuberance of secondary market include MTAR Technologies, Kalyan Jewellers India, Power Grid Corporation InvIT, Anupam Rasayan, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, Nazara Technologies, Aadhar Housing Finance and India Pesticides, among others.