Elephant Capital in Mahindra Forgings partial exit
Elephant Capital has sold nearly two-thirds of its 2.45% stake in Mahindra Forgings, an Indian forging manufacturer, to Spain's auto parts supplier CIE Automotive for INR141 million ($2.3 million).
The London-listed PE firm has sold 1.74 million shares - or 1.78% of its holding - at INR81 apiece, representing a premium of 21.2% to the June 15 closing price, the last trading day before CIE Automotive's...
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