Private equity firms circle Tech Mahindra

Apax Partners and Providence Equity, among other private equity firms, are interested in buying BT Group’s stake in Tech Mahindra, an Indian IT services company, which is likely to be valued at $830 million, according to the Economic Times. BT holds about a third in Tech Mahindra, and is expecting a 30 percent premium over the current price, which values the deal at more than 37 billion rupees.

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