SAIF Partners bets more on luggage maker hit hard by travel curbs

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SAIF Partners has raised its stake in India’s third-largest luggage maker as the coronavirus-induced panic selling and a fall in the company’s stock price prompted the investment firm to lower its cost of investment. The venture capital and growth-equity investor pumped in an estimated Rs 6.5-7.0 crore ($850,000-920,000) for a 0.9% ......