Carlyle, Advent to launch joint bid for Tech Mahindra stake
The Carlyle Group and Advent International are expected to launch a joint bid for British Telecom’s 23.2% stake in Tech Mahindra, India’s fifth-largest IT services firm. The deal could be worth $500 million.
The partnership comes because Mahindra & Mahindra, Tech Mahindra's parent company, prefers multiple investors, The Business Standard reported, citing sources briefed on the matter. Last month, Advent was...
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