Blue River Capital sells bulk of its stake in Rane Holdings for around 2x

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Private equity firm Blue River Capital has exited from its seven-year-old investment in Rane Holdings, the public listed holding company of Chennai-based auto component manufacturer Rane Group.Blue River Capital, through its Mauritius-based investment vehicle Ares Investments, had invested Rs 19.2 crore ($4.7 million then) to pick 10.22 per cent stake ......