Aditya Birla makes partial exit from CARE Rating
Aditya Birla Private Equity has sold a 1.2% stake in Credit Analysis & Research (CARE), a newly listed Indian credit rating company, for INR310 million ($5.7 million). The firm originally owned 4.27% of the company.
The divestment was made by Aditya Birla Private Equity Fund I, a $160 million vehicle closed in March 2010. Aditya Birla and Bajaja Holdings & Investment jointly invested $33 million in CARE Rating for...
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