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Norwest pares more of its debut India investment in Persistent with over 4x return

By Madhav A Chanchani

  • 18 Dec 2012

Norwest Venture Partners continues its exit from the seven-year-old investment in software development firm Persistent Systems Ltd, selling 1.25 per cent stake for Rs 24.5 crore ($4.5 million) in the latest transaction. The Silicon Valley-headquartered growth and venture capital investor is making around 4.2x on its latest round of stake ......

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