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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