Private Equity

Liquidity Events

WestBridge exits home appliances maker IFB by selling shares worth Rs.231-Cr; registers 1.4x return

Stock Exchange Data  

WestBridge has sold 2,570,296 equity shares (6.34% stake) at INR 900.02 per share of publicly-listed home appliances maker IFB Industries Ltd on May 4, 2022 through a BSE bulk deal. The sale aggregates to INR 231.33 crore. With this sale, WestBridge has made a complete exit from the firm with 1.4x return on its investment.

From the Venture Intelligence PE-VC Deal Database: In Oct 2017, WestBridge invested INR 55.85 crore for 1.72% stake in the company. Subsequently it invested more in IFB.