Private Equity

Liquidity Events

New Silk Route exits Rolex Rings by selling shares worth Rs.581-Cr, registers 7.71x return

Stock Exchange Data  

New Silk Route has sold its balance shares in publicly-listed auto components firm Rolex Rings Ltd realising INR 580.50 crore. The sale fetched NSR a 7.71x return on its over 12-year old investment.

From the Venture Intelligence PE-VC Deal Database: Between Sep 2007 and Jun 2010, NSR had invested INR 164 crore in Rolex Rings. The company went public in Aug-21, when NSR made a part exit.