Mauritius-based private equity (PE) funds Monsoon India Inflection and Jackson Heights Investments have picked up 3.35 per cent stake in Acme Tele Power for Rs 4 billion.

Mauritius-based private equity (PE) funds Monsoon India M Inflection and Jackson Heights Investments have picked up 3.35 per cent stake in Acme Tele Power for Rs 4 billion. The deal puts the valuation of Acme at around Rs 119.4 billion and marks the second round of private placements in the company. In 2007, Acme had offloaded 1.66 per cent stake in the company to three PE firms ?? DB International, Earthstone Holdings and Kotak Mahindra Capital ?? for Rs 1.97 billion.