Private Equity

Liquidity Events

Elevation Capital exits Fiem Ind by selling shares worth Rs.49-Cr; registers 1.06x return

Stock Exchange Data  

Elevation Capital has sold shares in publicly-listed auto components manufacturer Fiem Industries Ltd worth INR 49.33 crore. Assuming the investor sold the remaining 106,000 equity shares (0.81% stake) also at INR 1,020.01 per share, the investor would have made 1.06x return on its over 6-year old investment.

From the Venture Intelligence PE-VC Deal Database: Between Mar 2016 and Sep 2018, Elevation Capital invested INR 101.40 crore for 8.75% stake in Fiem.