Anil Ambani is in talks with George Soros, private equity firm Blackstone and Singapore state investment firm Temasek about launching a $5 billion global buyout fund, a paper reported on Monday.Ambani, one of richest men who controls top CDMA-mobile services provider, Reliance Communications Ltd, has put up $500 million of his personal wealth and has received commitments of up to $2.5 billion from other investors, the Economic Times said.
The fund, which was likely to be based in Singapore, would focus on firms in telecoms, media, communications technology, software, IT-related and broadband services, the paper said, quoting people familiar with the development.
The fund could look for "big-ticket acquisitions" in Asia and the Middle-East, the paper said.
courtesy:- sify finance
No comments:
Post a Comment