STILL NOT PUBLIC: The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea's Samsung Electronics Co, at around US$5bil (RM18.29bil), the people said.
MUMBAI: A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20% stake in handset maker Micromax Informatics for up to US$1bil (RM3.65bil), two people aware of the discussions said.
The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea's Samsung Electronics Co, at around US$5bil (RM18.29bil), the people said. They did not want to be named because the talks aren't public.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
