Infosys, TCS and Cognizant in race to buy Lodestone Management Consultants: reports
Infosys, Tata Consultancy Services, Cognizant are in race to acquire Lodestone Management Consultants, the Zurich-headquartered management and technology consulting firm, according to reports.
Reports said that IT majors have responded to the invitation of bids from the Swiss firm, which has revenues of 207 million Swiss francs.
The possible acquisition of Lodestone would provide any of these companies the difference in terms of providing higher-value service offerings, says report.
Carlyle sells stake in China Pacific Insurance for US$738mn
Carlyle Group LP the world’s second-largest private-equity firm, is planning to sell as much as $738 million of shares in China Pacific Insurance (Group) Co, according to reports.
Reports said that Carlyle Holdings Mauritius Ltd. and Parallel Investors Holdings Ltd. are selling 220 mn shares in the Chinese insurer for HK$25.5 to HK$26 ($3.35) each.
The selling price represents a discount of as much as 5.2 percent to the stock’s closing price in Hong Kong, says report.