Private equity firms TPG Capital and Partners Capital are the only bidders to buy the mortgage unit of ICICI Bank, two people with direct knowledge of the matter said. The bids at Rs 2,700-2,800 crore, though, are much lower than what the bank was expecting for ICICI Home Finance, but there is space for negotiations, said one of the people. The deadline for the bids ended on January 15. ICICI Bank’s decision that it wouldn’t lend in future to the buyer, as that could hurt the bank’s own home finance business run outsid .. Read more at: http://economictimes.indiatimes.com/articleshow/50618041.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesTPG Capital, Partners Capital remain in race to acquire ICICI Home Finance.
Industry: Financial services 2016-01-18
