Kotak PE invests $25m in Minda Corporation
Kotak Private Equity Group (KPEG), part of Kotak Mahindra Group, has reportedly invested INR1.25 billion ($25 million) for a minority stake in automotive component firm Minda Corporation.
The deal was realized in two tranches, with KPEG paying $800 million for an initial shareholding in 2011, followed by a second tranche worth $45 million. "From our perspective, auto components happen...
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