PE firms eye 24% stake in Bombay Dyeing
7 Oct 2013 9:31 PM GMT
At least three global private equity firms are in talks to acquire up to 24 per cent stake jointly in Bombay Dyeing, the flagship company of the
diversified Wadia Group, according to merchant banking sources.
The deal could be valued at over Rs 500 crore, they said, adding that the exclusivity period of the due diligence is likely to end in next few days.
A Bombay Dyeing spokesperson declined to comment on the queries about stake sale talks, terming them as speculations.
Banking sources said, however, that the PE firms eyeing the stake include big global names like WL Ross, Sequoia
Capital and JC Flowers.
diversified Wadia Group, according to merchant banking sources.
The deal could be valued at over Rs 500 crore, they said, adding that the exclusivity period of the due diligence is likely to end in next few days.
A Bombay Dyeing spokesperson declined to comment on the queries about stake sale talks, terming them as speculations.
Banking sources said, however, that the PE firms eyeing the stake include big global names like WL Ross, Sequoia
Capital and JC Flowers.
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