Icici Venture Looking To Exit Infomedia

Entities Mentioned

• ICICI Bank
• Economic Times
• Tatas
• Blackstone
• Warburg Pincus
• JustDial
• General Atlantic

1. Notz Stucki, a European asset management company is in line, alongwith PE funds including General Atlantic, Blackstone and Warburg Pincus for acquiring ICICI Ventures' 63 percent stake in Infomedia, reports the Economic Times. Reed Business Info, ICICI's JV partner in Infomedia is also keen on buying ICICI Ventures' sake, but there appear to be valuation issues. ICICI Venture had acquired Tata's 50 percent stake in Infomedia in 2003 for Rs. 123 crore, and then picked up 13 percent via an open offer. It is believed that ICICI Ventures' stake will be upwards of ... (Read Full Article)
   
   

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