Billionaire Hinduja brothers are sifting through acquisition targets in troubled Europe and America, even as they pursue troubled power projects in India that may come up for sale, Economic Times reported. The group - which has diverse interests spanning banking, automobiles, lubricants, ITeS and healthcare - is eyeing potential targets that now fetch attractive valuations for acquirers.
In an interview to ET, Gopichand Hinduja, co-chairman of Hinduja Group alluding to power projects in the country said: "We have hired two investment bankers who have given us a few good proposals. We are in the finalisation stage."
Read the ET report here