BanyanTree Growth Capital exits Power Mech Projects with 3.13x return
BanyanTree Growth Capital has sold its residual stake in publicly-listed Power Mech Projects Ltd for about INR 61 crore. The investor is estimated to have completely exited its over 7-yr-old investment with a 3.13x return.
From the Venture Intelligence PE-VC Deal Database: Between Jan 2016 and Mar 2017, BanyanTree Growth Capital invested INR 38.44 Cr for 4.71% stake.
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