THE WHAT? Carlyle is rumored to have bought a controlling stake in VLCC for an estimated US$300 million, in accordance with a report revealed by Reuters quoting nameless sources. Carlyle declined to touch upon the rumors when approached by Reuters.
THE DETAILS Funds managed by entities linked to Carlyle Asia Companions will present the fairness for the deal, per Reuters.
THE WHY? India’s magnificence and private care market is bouncing again, if fellow FMCG producer Godrej’s outcomes are something to go by. With China extensively reported to be getting ready to recession, it could be honest to imagine that Carlyle is diversifying.