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PE firm brings down stake in Redington arm
Bahrain-based private equity (PE) investor, Investcorp (IVC), has brought down its stake in Redington (India)’s step down subsidiary from 25.94 per cent to 14.50 per cent. This would be the first tranche as part of the PE firm’s exit from the company. Redington International Mauritius Limited (RIML) has completed the acquisition of 1,71,045 shares constituting 11.44 per cent of its subsidiary

Two firms flourish in frenzied MF Global aftermath

The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of

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PE firms exit BPOs via US public floats

Private equity (PE) players in the business process outsourcing (BPO) companies might have hit on a trend of selling a part of their holdings in the public market. This, experts say, is due to a

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RBI seeks details of banks' exposure

The country's central bank on Friday swung into action to take stock of banks' exposure to the telecom firms affected by the Supreme Court's order that cancelled 122 2G licences granted in 2008 during

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Motown: Launches in line, demand uncertain
French auto parts supplier Valeo is launching new products and opening new factories on the hope that the present sluggishness in the Indian market will give way to a revival in the ensuing months.

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Oil firms resume fuel supply to Air India after four hours

After stopping supplies to Air India for four hours, the public sector oil marketing companies (OMCs) resumed supply after the airline assured it would make payments on Friday. The non-supply led to a

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