India: Baring India Private Equity Fund III sells 7.36% in Shilpa Medicare

India: Baring India Private Equity Fund III sells 7.36% in Shilpa Medicare

Bloomberg Creative Photos/Bloomberg

Private equity investor Baring India Fund III sold a 7.36% stake in Shilpa Medicare worth 306 crore, on Friday, through an open market transaction.

As per the bulk deal data on the exchange, 6 million shares or 7.36% of equity of Raichur based Pharmaceutical firm were sold by Baring India Private Equity Fund III at an average price of 510.56 per share aggregating to 306.34 crore.

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