06.09.2012 - Temasek Holdings eyes Actis' stake in Nilgiris Dairy Farm
Sovereign fund Temasek Holdings is in talks with Actis to acquire the latter’s stake in Bangalore-based retail chain Nilgiris Dairy Farm. Sources in the know, however, say a dispute between Actis and the promoters of Nilgiris is likely to disrupt the talks. Actis, which had acquired a stake of about 51 per cent in Nilgiris for Rs 300 crore ($65 million) six years earlier, had, in the recent past, increased the stake to 67 per cent. Though Actis has been trying to exit the retail chain through a strategic sale, the promoters, the Mudaliar family, is not keen on an exit, it is learnt...........................................Full Article: Source
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