Report: PE Players Looking To Exit Nimbus

Entities Mentioned

• Economic Times
• Ashmore

1. Investors in Nimbus Communications, including private equity players like 3i and some of its promoters are planning to exit the company, reports Economic Times. Nimbus Chairman Harish Thawani has told ET that he isn’t aware of any move to exit. The report claims the Nimbus board will be considering proposals from a UK based Media major for a majority stake, and from Ashmore and a Singapore based media investment company for a minority stake. Nimbus is valued at between $700-800 million, and is l (Read Full Article)
   
   

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