CX Partners is investing upto R200Cr in Bangalore based Sutures India for a 40% stake. According to ToI,CX Partners will buyout Evolvence Life Sciences Fund's stake and may also buy part of the promoter's stake in the company. The deal is subject to FIPB approval.
Tata Communications Ltd is selling Neotel Ltd, the South Africa-based communications network company that it owns in partnership with Nexus Connexions Pvt Ltd. The company has entered into an agreement with a privately owned, pan-Africa telecom group, Liquid Telecom Group, for the acquisition of Neotel for ZAR6.66 billion (INR2903 crore).