Staffing firms Ikya, TeamLease pursuing IPOs: Media Report
14/01/2015 15:19
In two separate listings, staffing firms Ikya Human Capital Solutions and TeamLease Services are looking to raise as much as USD 350 million, sources involved in both transactions told Reuters.
TeamLease, partly owned by ICICI Venture, has hired Credit Suisse, IDFC and ICICI Securities to manage an initial public offering (IPO) expected to raise USD 125 million to USD 150 million, four sources involved in the process said.
Meanwhile, Ikya, controlled by Canada's Fairfax Financial Holdings Ltd, is looking to raise $200 million but has yet to appoint banks, according to two sources.
Both companies are looking to complete the listing in the first half of 2015, added the sources, who declined to be identified because neither transaction has been made public.
14/01/2015 15:19
In two separate listings, staffing firms Ikya Human Capital Solutions and TeamLease Services are looking to raise as much as USD 350 million, sources involved in both transactions told Reuters.
TeamLease, partly owned by ICICI Venture, has hired Credit Suisse, IDFC and ICICI Securities to manage an initial public offering (IPO) expected to raise USD 125 million to USD 150 million, four sources involved in the process said.
Meanwhile, Ikya, controlled by Canada's Fairfax Financial Holdings Ltd, is looking to raise $200 million but has yet to appoint banks, according to two sources.
Both companies are looking to complete the listing in the first half of 2015, added the sources, who declined to be identified because neither transaction has been made public.
