Beacon India buys 1% of Bay Capital-backed Sterling
Growth capital firm Beacon India Private Equity has acquired close to 1% of listed hospitality firm Sterling Holiday Resorts, which is backed by Bay Capital Investments.
The PIPE transaction saw the Mumbai-based fund acquire shares in the holiday business for INR84.5 ($1.6) each, or a total of INR45 million, according to VCCircle. The company's share price rose by almost...
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