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Eredene Capital Sells 6.8 Percent Stake in Ocean Sparkle (Asia)

Eredene Capital, an independent investment firm that specializes in Indian infrastructure, sold its 6.8 percent stake in Ocean Sparkle, an Indian port operations and marine services company, to Mauritius-based Infrastructure India Holdings Fund for GBP8.2 million (approximately US$12.8 million). The stake was held by Eredene subsidiary West Coast Port. Eredene originally invested GBP7.3 million (approximately US$10.9 million) in Ocean Sparkle in 2010. Infrastructure India Holdings Fund is an existing shareholder of Ocean Sparkle.