TVS pays $12.5m for Bessemer IEX stake
TVS Capital has paid INR810 million ($12.5 million) for a 4% stake in Indian Energy Exchange (IEX) held by Bessemer Venture Partners.
The purchase increases TVS' holding in IEX to 7%, following its purchase of a 3% stake last month, also from Bessemer. It comes after TVS' earlier attempt to lead a consortium to buy the 26% stake held...
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