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Private Equity | 26 November 2012

Amar Ujala Plans To Buyback And Resell DE Shaw's Stake

by Paritosh Gajjar
Amar Ujala Plans To Buyback And Resell DE Shaw's Stake
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Promoters of Amar Ujala group are on course to buy the stake of PE firm DE Shaw.

This would be part of the Supreme Court’s direction to the company to buyout the PE firm’s stake as it was seeking an exit from past two years given a scuffle between the two.

The company plans to sell this stake to a new investor later.

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