ChrysCap exits Ahmednagar Forgings, buys Sequoia's Infotech stake
ChrysCapital Partners has exited Ahmednagar Forgings (AFL), a manufacturer of automotive components, for INR363 million ($6.07 million) through a series of bulk deals on the open market. The firm originally bought the stake for INR295 million in 2008.
At the end of March 2013, ChrysCap investment vehicle Warhol Limited held a 9.41% stake, or 3.45 million shares in AFL. The firm sold 3.2 million shares at INR105 apiece, for a total consideration of INR343...
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