TA invests in India's Atria, IVFA rolls over stake
TA Associates will join India Value Fund Advisors (IVFA) to buy about 95% of Indian broadband service provider Atria Convergence Technologies (ACT). IVFA's India Value Fund III, ACT's current majority shareholder, will exit most of its stake and roll it over into the firm's latest fund.
The deal will be completed later this year, subject to regulatory approval. According to a statement, IVFA's investment will be managed through Argan (Mauritius); IVFA controls Argan through its Indium...
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