India: Nalanda Capital sells $65m of Carborundum in partial exit

India: Nalanda Capital sells $65m of Carborundum in partial exit

Singapore-based private equity firm Nalanda Capital, which focusses on publicly listed companies in India, has sold part of its stake in Carborundum Universal Ltd (CUL), an abrasives company controlled by the Chennai-based Murugappa Group.

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