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| Saudi firm in talks to invest in Indian telecom infra firm |
| Press Trust of India / Mumbai Jul 08, 2009, 18:01 IST |
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Exsab International Holding, a Jeddah-based investment firm, today said that it has initiated dialogue to invest in a couple of Indian firms.
"We generally invest $5-50 million in a firm. We are in discussion with a telecom infrastructure player and a mining company in India for investment," Exsab's Chief Executive Officer Faisal A Al Faisal said here.
Faisal said that the company generally stays invested in a firm for five to seven years and eyes around 15-20 per cent return.
"We can't disclose the identity of the companies since we have signed Non Disclosure Agreements with them," Faisal said.
He, however, said that the discussions are in nascent stages and may take another six months to be inked.
Exsab is also interested to invest in health care and travel businesses in India, Faisal said.
Exsab has investments in BPO sector, mining, passive infrastructure provider in the telecom sector, visa processing, travel, health care and food and beverage industry mainly in the Middle East and North African (MENA) region.
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