India: PE firm Creador exits Cholamandalam, sells remaining stake for $32m

Private equity firm Creador has exited investment in Cholamandalam Investment and Finance Co. Ltd by selling its remaining stake through a secondary market deal.

In the fresh share sale, the PE firm, focused on South and Southeast Asia, has sold 23,67,727 shares in Cholamandalam for Rs 219 crore ($32.4 million) last week.

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