{"id":947510,"date":"2025-07-18T06:22:17","date_gmt":"2025-07-18T00:52:17","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=947510"},"modified":"2025-07-18T06:26:09","modified_gmt":"2025-07-18T00:56:09","slug":"advent-tpg-among-funds-in-race-to-buy-into-hero-groups-chip-arm","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/18\/advent-tpg-among-funds-in-race-to-buy-into-hero-groups-chip-arm\/","title":{"rendered":"Advent, TPG among funds in race to buy into Hero group&#8217;s chip arm"},"content":{"rendered":"<p>Mumbai: A clutch of prominent private equity (PE) players, including Advent International, TPG Growth, Kedaara Capital, Goldman Sachs, and ChrysCapital, are in discussions to acquire a significant minority stake in Tessolve, the semiconductor design and engineering company owned by Hero Electronix, multiple sources told ET. <\/p>\n<p>Hero Electronix, backed by Suman Kant Munjal of the Hero Group, is looking to divest a 30% stake in the Bengaluru-based company, valuing Tessolve at around $450 million (\u20b94,000 crore), according to people familiar with the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: A clutch of prominent private equity (PE) players, including Advent International, TPG Growth, Kedaara Capital, Goldman Sachs, and ChrysCapital, are in discussions to acquire a significant minority stake in Tessolve, the semiconductor design and engineering company owned by Hero Electronix, multiple sources told ET. Hero Electronix, backed by Suman Kant Munjal of the Hero Group, is looking to divest a 30% stake in the Bengaluru-based company, valuing Tessolve at around $450 million (\u20b94,000 crore), according to people familiar with the matter.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-947510","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/947510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=947510"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/947510\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=947510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=947510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=947510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}