Actis Partially Exits IDFC for US$17 Million (Asia)
Source(s): Asian Venture Capital Journal, Bombay Stock Exchange | Author(s): Holden Mann
Global growth markets investor Actis has partially exited its stake in India-listed infrastructure finance company IDFC for INR1.1 billion (approximately US$17 million). Actis sold approximately 21 million shares for INR53.15 (approximately US$0.80) per share. The firm originally invested in IDFC in 2010 and reportedly still holds an approximately 0.8% stake in the company.