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Elevation Capital’s decade-old bet gets a haircut from Pennar Industries

By Ankit Agarwal

  • 12 May 2021
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Elevation Capital’s decade-old bet gets a haircut from Pennar Industries
Credit: 123RF.com

Elevation Capital, previously SAIF Partners, is sitting on a loss of close to 46% on its bet in Pennar Industries, after about 10 years of staying invested in the engineering products and solutions company, a VCCircle study shows.  The estimate is based on the volume weighted average price of Pennar’s shares ......

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