Venture Intelligence (TSJ Media Pvt. Ltd.)
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WestBridge exits V-Mart Retail by selling its 7% stake worth Rs.392-Cr, registers 15x return
WestBridge Capital has sold its 7.04% stake in publicly-listed V-Mart Retail Ltd realizing INR 391.98 crore. With this sale, WestBridge has made a complete exit with 15x return on its over 9-yr old investment.
From the Venture Intelligence PE-VC Deal Database: In Sep 2013, WestBridge Capital had invested INR 31.15 crore for 9.72% stake in V-Mart. In Mar 2014, it invested an additional INR 1.25 crore in the company.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.