Private Equity

Liquidity Events

Blackstone exits SH Kelkar & Co. by selling shares worth Rs.243-Cr, registers 4.14x return

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Blackstone has sold a 9.92% stake in publicly listed aroma chemicals maker SH Kelkar & Co. Ltd. on Nov 9, 2021 through a bulk deal on the BSE. The sale aggregates to INR 242.64 crore. Assuming the investor sold its residual 413,717 equity shares (0.29% stake) at INR 173 per share, it would have made 4.14x return on its 9-year-old investment.

From the Venture Intelligence PE-VC Deal Database: In Aug 2012, Blackstone had invested INR 243 crore for a 33.50% stake SH Kelkar. The company went public in Oct 2015.