TA Associates, Sequoia clock tepid exit from handset maker Micromax

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Credit: 123RF.com

Marquee private equity and venture capital investors in Micromax Informatics Ltd, which once commanded a valuation of $1 billion, are logging out of the handset maker with weak returns. Micromax is buying back 35.55 million shares held by its investors, it said in a filing with the Ministry of Corporate Affairs without ......

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