Multiples completes exit from South Indian Bank
India’s Multiples Alternate Asset Management has fully exited South Indian Bank (SIB), selling its remaining 3.67% stake for INR1.51 billion ($23.8 million).
According to a disclosure, Multiples Private Equity FII I sold 36 million shares at INR30.49 apiece, and Multiples Private Equity Fund offloaded 14 million shares at INR30.52 apiece. Multiples originally...
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