Private Equity Liquidity Events
IFC sells its 2.92% stake, exits Religare
Source Mint (opens in a new tab)
The International Finance Corporation (IFC) has sold its entire 2.92% residual stake in Religare Enterprises, ending its 12-year engagement with the Delhi-based financial services company.In 2012, IFC invested USD 75 million in the compulsorily convertible debentures of Religare which converted into 8% ownership in the company in 2014. IFC had a 3.9% stake in Religare in September 2023. It had sold 1.42% stake in Oct-Dec 2023.