Tano Capital exits Shilpa Medicare with 4.5x IRR
In its second exit this year, Indian private equity firm Tano Capital has sold its stake in pharmaceuticals manufacturer Shilpa Medicare Ltd, reportedly earning 4.5x return on its initial $2 million investment.
Mumbai-based Tano Capital first linked with Shilpa in 2006, and ended up with a 10% stake in the company before selling off its shares in tranches this year. Shilpa, which specifically exports active ingredients...
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