19 Jun, 2013
The Leela Palace, Bengaluru
Home >> Public Equity >>
Wednesday, January 30, 2013 - 16:55 IST
Sequoia Capital-backed PI Industries raises $21.8M through QIP
BY Bhawna Gupta
Last quarter, Standard Chartered Private Equity exited its three-year-old investment in PI Industries with over 4x returns.
PI Industries Ltd, an agri-input and custom synthesis company backed by Sequoia Capital, has raised Rs 117 crore ($21.8 million) via qualified institutions placement (QIP), the company disclosed in a statement to the Bombay Stock Exchange.
The Gurgaon-based...
To continue reading this article, you must be a Premium subscriber...
A Premium membership gives you:
- Access to all premium articles including exclusives, analyses & commentary.
- Access to archives of over six years.
- Exclusive interviews with top fund managers, CEOs and bankers.
JOBS
- Private Equity - Nereus Capital
- Associate - Red Fort Capital Advisors Pvt Ltd
RECENT COMMENTS
- 17 June 2013rj.sridhar@gmail.comonI think it's a bit of a chicken & egg. Is it the combination of some shady promoters plus lack of enough exits...
- 16 June 2013Raj BhattonGoing by the numbers, this values Snowman at 21.7X Mar'13 earnings and 3.5X assets. It is a brilliant pre-IPO...
- 15 June 2013sharad_dalal@hotmail.comonI think this article paints a very distorted picture of a typical PE term sheet. Investment in the form of...
- 14 June 2013SummeeronA candid article Pravin. The situation is indeed piquant. In good companies, where funds fall over each other for the...
UPCOMING EVENTSchinetwork