In­dia woos pri­vate buy­out firms

New Straits Times - - Business -

MUM­BAI: In­dia is ask­ing pri­vate eq­uity funds to in­vest in profit-mak­ing state-con­trolled firms as it seeks to meet as­set sale tar­get of 725 bil­lion ru­pees (RM48.73 bil­lion) for the next fi­nan­cial year. It is invit­ing buy­out firms to “look into the op­por­tu­nity of pick­ing up strate­gic stakes in state as­sets, whether as a tech­nol­ogy or en­ter­prise part­ner di­rectly, or in what­ever form”, said Neeraj Kumar Gupta at the Depart­ment of In­vest­ment and Pub­lic As­set Man­age­ment in In­dia’s Fi­nance Min­istry.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.