Everstone set for part-exit in Hinduja Leyland Finance IPO
Everstone Capital is expected to sell up to 26.6 million shares in Hinduja Leyland Finance as part of the commercial vehicle financing company’s Indian IPO.
Everstone acquired 53.2 million shares in Hinduja, or a 14% stake, through its Everfin Holdings unit for a consideration of INR2 billion ($30.2 million) in 2013. According to a filing, the offering will...
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