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IIFL Finance hands 10% annualised return to CDC on second part-exit

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IIFL Finance hands 10% annualised return to CDC on second part-exit
Credit: VCCircle

UK’s CDC Group Plc made a second partial exit on Thursday from IIFL Finance by selling 2.64% stake for Rs 294.5 crore, with the deal price implying about 10% annualised return on paper for the development finance institution’s five-year bet.  In terms of multiples, the investment has grown 1.65 times. CDC ......

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