India Digest: TPG eyes CCD; PEs to sell Micromax stake; NCLT clears IL&FS-Orix deal 

India Digest: TPG eyes CCD; PEs to sell Micromax stake; NCLT clears IL&FS-Orix deal 

Photo by Fabian Blank on Unsplash

Private equity firm TPG is in initial talks to acquire Coffee Day Global Ltd while TA Associates and Sandstone Investment are selling 6.9 per cent stake in Micromax to its promoters. In another development, National Company Law Tribunal (NCLT) has approved the sale of IL&FS’ stake in wind assets to Japan’s Orix.

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