Ananda Krishnan, Malaysia’s second-richest man and the majority stakeholder in local telecommunications provider Maxis Communications, has reportedly divested around 375 million shares in the company, worth around MYR2.35 billion (USD740.5 million). According to Reuters, which cites a source familiar with the deal, the shares were priced between MYR6.21 and MYR6.34 per share, with CIMB and Credit Suisse understood to have been the joint bookrunners on the stake sale.
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OVETEL Maxis Communications’ largest shareholder reduces stake
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