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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek, Tata Cap eye 27.3pct in First Leasing

Posted on 13 June 2011

Singapore-based Temasek Holdings, Swiss Re and Tata Capital are in talks with financial services firm First Leasing for 27.3% stake, according to agencies. The deal is likely to be announced in a month. According to agency reports, the transaction could be at a substantial premium to the current market price.

First Leasing shares closed up 5.45% at Rs 103.5 at the Bombay Stock Exchange in Friday’s trade. Based on the closing price the deal is valued at approximately Rs 64 crore……………………………………….Full Article: Source


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