Indus GD Lexygen advise on Micromax-TA Associates PE venture

Leading private equity player, TA Associates, has made a minority investment of close to Rs. 225 crore ($45 million) in Indian mobile handset provider, Micromax Informatics Limited. The investment will give TA Associates an approximate 10 percent stake in the company. Micromax intends to utilize the funds to power its expansion plans in Latin America, Africa and Nepal.