Private Equity

Liquidity Events

Lighthouse exits Stylam Industries by selling shares worth Rs.68-Cr, registers 3.2x return

Stock Exchange Data  

Lighthouse Funds has sold its residual 3.54% stake in publicly listed Stylam Industries Ltd. harvesting INR 68.07 crore. The over 5.5-year-old investment in fetched Lighthouse a 3.2x return.

From the Venture Intelligence PE-VC Deal Database: In May 2017, Lighthouse invested INR 51.09 crore in Stylam for a 10.41% stake through preferential allotment. In Aug 2018, it invested additional INR 14.24 crore for 2.45% stake through open market purchase. In Sep 2020, it invested additional INR 6.38 crore. It made 3 part exits between Jul-2021 and Sep-2022.