An innerwear maker has produced one of the best-ever PE returns in India

By Ankit Doshi

  • 24 Jan 2019
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Credit: Thinkstock

Nalanda Capital has churned out possibly the highest-ever private equity returns — in terms of multiples — from a PIPE deal in the country by selling a part of its stake in a listed innerwear manufacturing and distribution company. Singapore-headquartered Nalanda, an India-focussed firm that makes private investments in public equities ......

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