Economic TimesLean R·
I Squared team leads race to buy ReSL
Mumbai: A consortium of US private equity firm I Squared Capital and French environmental-services group Veolia has emerged as the frontrunner to acquire KKR backed Re Sustainability (ReSL), India’s largest integrated waste management firm, said multiple people aware of the development.However, the low-ball offer from the consortium, valuing the company at Rs 10,000-Rs 11,000 crore ($1.1-$1.2 billion), is well below the expectations of the sellers who were keen on Rs 14,000-16,000 crore ($1.45-…
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