IL&FS fund fully exits ABG Shipyard, seeing 4x returns
IL&FS Investment Managers Ltd’s Leverage India Fund (LIF) has fully exited its five-year investee ABG Shipyard Ltd. (ABG) through the public markets, reporting 4x returns on its investment.
LIF said that it realized INR1.26 billion ($28.35 million) from the exit, at an IRR of 67.5%. LIF, which claims $153.5 million under management, invested INR312 crore ($70.2 million) into ABG in two transactions,...
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