TDCX minority shareholder wants MAS, SEC to scrutinise privatisation offer

A MINORITY investor of digital advertising solutions provider TDCX has filed a complaint with the Monetary Authority of Singapore and the US Securities and Exchange Commission (SEC), asking the regulators to scrutinise a privatisation deal that is underway.

In particular, the shareholder V Mittal has drawn attention to Goldman Sachs’ role in the transaction. Goldman Sachs (Singapore) is serving as financial adviser to the group that is buying out the minority shareholders of TDCX.

Mittal noted in the letter, a copy of which was seen by The Business Times, that Goldman Sachs & Co had acted as an underwriter in TDCX’s initial public offering (IPO).