Nalanda sells Kewal Kiran Clothing shares worth Rs.93-Cr, exits with 6.05x return

Public markets focused Nalanda Capital has sold shares worth INR 92.46 crore in publicly listed Kewal Kiran Clothing Ltd. (KKCL) on Oct 11, 2021. The sales constitute a 7.13% stake in the company Nalanda Capital made 6.05x return on its over 13-year old investment - without taking into account the dividend amounts received. Including dividends, the investor would have made 7.85x return.