Carlyle mulls $1-bn IPO of Quest Global
Financial Express Lucknow|December 14, 2024
THE CARLYLE GROUP is considering an initial public offering of engineering services firm Quest Global Services in India, people familiar with the matter said, amid increasing investor interest in the nation's stock market.
BAIJU KALESH & JULIA FIORETTI
Carlyle mulls $1-bn IPO of Quest Global

The US investment firm has held early talks with advisers about a possible share sale in Mumbai that may take place as soon as next year, the people said, asking not to be identified because the information isn't public.

A listing of Singapore-based Quest Global may help it raise about $1 billion, the people said.

A potential deal could value Quest Global at more than $5 billion, one of the people said, adding that the company may also redomicile to India.

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