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...Kolkata’s Tega to get $40m investment TA Associates of the US will acquire a minority stake in Tega Industries, a Kolkata-based engineering company, for $40m, said two people with direct knowledge of the...
...Since January the company has cut 936 jobs or more than 12 per cent of its workforce. Of that total, 540 were cut in the last four months....
...Mr Bowdler said he was unaware of any plans by Mr Krishnan’s Usaha Tegas investment vehicle to buy any more than the 20 per cent stake it holds at present....
...One analyst estimated ITV could now be bought for 70p a share, or £2.7bn, with the attractive option of selling ITV Productions for about 45p a share....
...That encouraged some to hope for an offer from Usaha Tegas, the Malaysian investor who recently paid 95p a share for a 20 per cent stake....
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