Sequoia hits gold with Manappuram
Sequoia Capital has exited its 11% stake in Manappuram General Finance and Leasing, a non-bank financial company specializing in loans based on gold.
Sequoia received around $76 million from the stake sale, cited by some Indian reports as one of the biggest recent private equity exit, and netting an over 7x return from its c.30-month investment, by...
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