Standard Chartered, Credit Suisse and
What is the reason behind selling one third stakes to outsiders? Many believe that Indian mid-sized software and outsourcing firms after faced with external factors like attrition rates, growing rupee are finding it difficult to sustain the growth rate. They are also facing intense competition from larger multinationals, so a logical way would be to eye private equity investment to expand business overseas and acquire companies to boost growth.
Nainesh Jaisingh, managing director of Standard Chartered's private equity arm in
We have led a $140 million transaction, to acquire a stake in Interglobe Technology Quotient. ITQ, which operates in the travel reservation distribution space, is uniquely poised to benefit from the high growth in domestic and international air travel business in
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