Temasek, GAP may buy into ICICI OneSource.

(From The Economic Times)

/ : Private equity funds led by Temasek Holdings, the investment arm of the Singapore government, and General Atlantic Partners (GAP) are in active negotiations with the promoters of ICICI OneSource - ICICI Bank and ICICI Venture Fund - exploring the possibility of picking up a stake in the BPO firm.

Sources familiar with the process said that negotiations with ICICI OneSource's promoters were currently on after the funds expressed interest in picking up a substantial stake. Apart from Temasek and GAP, two other private equity funds are also in dialogue with ICICI OneSource. Their names could not be ascertained.

"The …