Private equity firms including Singapore state investor Temasek Holdings and KKR & Co are separately in advanced talks to buy Warburg Pincus LLC's majority stake in Indian tyre maker Alliance Tire Group for about USD 400 million, three sources with direct knowledge of the matter said.
US-based private equity firm Warburg Pincus, which invested in Alliance in 2007, is selling its roughly 72 percent stake in the company, the sources said, adding that final bids are expected to be invited by the end of this month. Full story
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