KUALA LUMPUR, June 8 — State investor Khazanah Nasional Bhd denied news reports that it was a “serious bidder” for a controlling stake in Indian outsourcing firm Aegis Global in a deal worth US$1 billion (RM3 billion).
“While it is not our policy to comment on speculation, these stories being persistently run regarding Khazanah bidding for Aegis are baseless and inaccurate,” Khazanah spokesman Asuki Abas told Reuters today. “Khazanah has not submitted any bid for Aegis.”
India's Economic Times cited sources yesterday as saying that Khazanah was a top bidder for Aegis Global, a business processing and outsourcing firm controlled by the influential Ruia family.
The Ruias are seeking a valuation of over $1 billion for their stake in Aegis, the Economic Times said, without disclosing the size of the stake. — Reuters