India: Nalanda Capital offloads almost entire holding in Exide for $105m

India: Nalanda Capital offloads almost entire holding in Exide for $105m

Photo: Reuters

Singapore-based private equity firm Nalanda Capital has sold off almost all its stake in battery manufacturer Exide Industries in the open market for around Rs 707 crore ($105 million).

According to a stock market disclosure, Nalanda Capital has sold 5.01 per cent or 42.61 million of the total 5.42 per cent held by it.

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