SCPE exits India power business via buyback
Standard Chartered Private Equity (SCPE) has sold its stake in Sterlite Power, the power grid subsidiary of Sterlite Technologies, an India-listed transmission solutions provider for the telecom and power industries, via a buyback.
The size of the transaction has not been disclosed, but according to a statement SCPE is set to make a 2x return on its original INR5 billion ($83 million) investment. Sterlite Power will own 100% of the...
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