Affirma Capital sells Redington shares worth Rs.778-Cr, registers 2.78x return
Affirma Capital (earlier StanChart PE) has sold a 6.81% stake in publicly listed IT products distributor Redington (India) Ltd, realizing INR 778.30 crore. Post the latest sale, the investor holds a 8.96% stake.
From the Venture Intelligence PE-VC Deal Database: In Jul 2011, StanChart PE had invested INR 438.20 Cr for a 11.99% stake in Redington.
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