India Digest: Tata Steel to exit SE Asia; Global biggies bid for IT park; Ebix buys Indus

Tata Steel is looking at exiting its Southeast Asia operations as part of a strategy to exit non-scalable businesses while Temasek-owned real estate asset manager Mapletree Investments, GIC, Blackstone and Brookfield have placed separate bids to acquire SP Infocity in Chennai. In another development, Ebix has acquired Pune-based Indus Software Technologies Pvt Ltd.