Private Equity

Liquidity Events

GEF Capital divests 5.55% in solar panels maker Premier Energies for Rs.2,629-Cr

Business Standard  

US-based GEF Capital Partners, through its affiliate South Asia Growth Fund II Holdings LLC, divested a 5.55 % stake (2.5 crore shares) in Premier Energies for INR 2,629 crore through open market transactions.Premier Energies Ltd (PEL) is a manufacturer of solar photovoltaic cells and modules and specialty solar photovoltaic products.The transaction, valued at around INR 2,629 crore, was executed at an average price of INR 1,051.60 per share.