- US Markets Bracing for Selloff on Dubai Debt Worries
- US Dollar Falls to 14-Year Low Against the Yen
- ING Prices Share Issue at Hefty Discount
- No Thanksgiving Rest for Retailers in Sales Race
- UK's Darling to Downgrade 2009 Growth Forecast
- US Companies Already Moving on Curbing Emissions
- Fannie Mae to Tighten Lending Standards: Report
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- US Markets Bracing for Selloff On Worries About Dubai's Debt
- Gold Retreats from Record High as Dollar Rebounds
- China Unveils Carbon Target Ahead of Copenhagen
- UK's Darling to Downgrade 2009 Growth Forecast
- No Thanksgiving Rest for Retailers in Sales Race
- Great Britain, No Longer That Great: Investor
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Attraction of Switzerland to Businesses
Text Size 
HONG KONG/MUMBAI, Nov 9 (Reuters) - India's ICICI Bank , Singapore state investor Temasek and another large shareholder have revived plans to sell their stakes in back-office firm Firstsource Solutions in a deal valued at $285 million at the current market price, sources said. ICICI, Temasek's Aranda Investment and U.S.-based banking technology group Metavante together own 68 percent of Firstsource and have hired Citigroup to arrange the deal, the sources with direct knowledge of the deal, said on Monday. The sources did not want to be named as they are not authorised to speak to the media. ICICI declined to comment. Temasek officials in India could not be immediately reached. A spokeswoman for Firstsource said in an e-mailed reply she would not want to comment on market speculation. (Reporting by Narayanan Somasundaram & Indulal P.M., Editing by Jacqueline Wong) ((narayanan.somasundaram@thomsonreuters.com; +852 28436358; Reuters Messaging narayanan.somasundaram.reuters.com@reuters.net)) Keywords: FIRSTSOURCE STAKE/ Keywords: FIRSTSOURCE STAKE/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Print
Email
- What you need to know.
- Ever wished your cab driver would stop nattering and just get to where you're going? Well that moment is near(er).
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
Data is a real-time snapshot *Data is delayed at least 15 minutes