Baring PE India Partially Exits Manappuram Finance for USD101m

Source(s): VCCircle

Baring Private Equity Partners India sold more than half its stake in India-based gold loan financier Manappuram Finance via a share offering worth USD101.2m. According to Baring PE India, the fund recorded a return of 6.4 times on its investment with an IRR of 29%. Baring PE India maintains a 3.12% stake in the company. Read more»