Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
OIJIF sells 15% stake in furniture maker Stanley Lifestyle for Rs.402-Cr, exits
OIJIF (via Oman India Joint Investment Fund II) has completely exited luxury furniture maker Stanley Lifestyle by selling 8,316,680 equity shares via the public markets, realising INR 401.63 crore. Prior to the sale, OIJIF had held a 14.59% stake in the company.OIJIF had sold 5,544,454 equity shares at INR 369 per share via the company’s initial public offering (IPO) earlier in the month, realising INR 204.59 crore.
In Sep-18, Stanley Lifestyles had raised USD 24 M from Oman India Joint Investment Fund.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.