A report by Grant Thornton, an American accounting and advisory firm, said that Indian corporations closed as many as 393 private equity deals totaling $9.67 billion in the past 11 months of the year.
Chinese billionaire Yuzhu Shi and a Baring Private Equity Asia affiliate sought to take Giant Interactive Group Inc. private for USD11.75 per American Depositary Share (ADS). The consortium values the Chinese online game developer at USD2.82 billion.
Baring Private Equity Asia completed its acquisition of India-based outsourcing firm Hexaware Technologies.
Barring announced it plans to buy a controlling stake in Hexaware for INR1.6 million.
Baring Private Equity Asia would be acquiring Indian outsourcing firm Hexaware Technologies for USD 400 million.
Baring Private Equity Asia is planning to buy shares in Indian software company Hexaware Technologies.
News and developments in Asia private equity from Reuters News for the week ending July 6.