Private Equity

Liquidity Events

Nalanda Capital sells 1.4 % stake in Great Eastern Shipping for Rs.190-Cr

Economic Times  

Singapore-based public markets investment firm Nalanda Capital, through its arm Nalanda India Equity Fund Ltd, has divested a 1.4% stake (20 lakh shares) in Great Eastern Shipping Co Ltd through an open market transaction on the NSE. The shares were sold at an average price of INR 950.25, taking the transaction value to INR 190.05 crore. After the stake sale, Nalanda Capital's shareholding in GE Shipping has declined to 5.97% from 7.37 %.

Nalanda had invested INR 255.61 Cr in Great Eastern Shipping Co between 2011 and 2012.