RSS FeedChrysCapital Exits Gammon; Makes 4.75 Times Its $20 Million In 15 Months
Fri, 03/31/2006 - 10:19 — Sahad P VChrysCapital has perfected the art of making money from PIPE deals. The Economic Times reports that the Delhi-based fund has exited Gammon India, a construction company, through secondary market. It has sold its entire stake in Gammon for Rs 430 crore or $95 million, and that is 4.75 times its original investment of $20 million some 15 months back. PIPE can earn you serious money in a short period.
ChrysCapital, which recently raised a $550-million fund, has had several profitable exits already. It has made a quick buck in Mphasis, IVRCL and Yes Bank, and is several times its money in other investments like Suzlon Energy.
Related:
ChrysCapital's Returns: Fund I Has An IRR of 31%; Fund II 41%
ChrysCapital Offloads 6.5 Per Cent In MphasiS For $28.8 Million Via Secondary Market
Other ChrysCapital stories here.
Comments
Construction sector most
, March 31, 2006Construction sector most probably will have a boom in India in the next few years becasue much of rural India and small towns are still far behind than large cities.
You are right. Chryscapital
, March 31, 2006You are right. Chryscapital is making quick exits these days. Make that four or five times money, and look for the next wave. Doesn't ChrysCapital sound more like stock broker with a slighly longer term investment perspective than a day trader?