Matrix makes partial exit form India's Tree House
Matrix India has exited a portion of its holding in school management firm Tree House Education and Accessories, selling 4.84% stake in the company to local conglomerate Bajaj Holdings & Investment for INR504 million ($8.4 million).
According to a regulatory filing, Matrix exited its stake at INR280 per share. Matrix was one the earliest backers of the company, which launched in 2007. It invested INR500 million for a 45.5% stake...
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