Private Equity

Liquidity Events

TRG exits Jai Balaji Industries by selling shares worth Rs.32-Cr

Stock Exchange Data  

TRG Global Private Equity has sold off its residual 4.17% stake in publicly-listed iron & steel maker Jai Balaji Industries Ltd realising INR 31.53 crore. Post the sale, TRG completely exited its over 15-year-old investment with a 0.16x return.

From the Venture Intelligence PE-VC Deal Database: In Dec 2007, TRG Global Private Equity (earlier Citi Group) invested INR 200 crore for 11.02% stake in Jai Balaji.