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.
Nalanda picked up its first tranche of Exide shares in late 2010, subsequently acquiring more shares to reach over 5 per cent.
Nalanda had bought the shares in 2008, after the financial crisis had hit the US, dragging down stocks worldwide. On Wednesday, it sold shares worth $65 million in a secondary market transaction.
Its portfolio includes Just Dial, ELGI Equipments, Berger Paints, Genpact, Havells, Mindtree and TTK Prestige among others, in line with its focus on small and mid-cap companies in India.
Founded by former Warburg Pincus India managing director Pulak Prasad, Nalanda had exited Triveni Engineering and Lovable Lingerie last year. The firm is in the process of raising $620 million, according to a May filing with the US Securities and Exchange Commission (SEC), which will take its corpus to $1.5 billion.
ChrysCapital has also closed first round of its seventh fund of $600 million in January this year.
The PE firm had launched this fund in September last year and managed to raise $350 million by end of December as first round.
Last October, Westbridge Capital had also raised $575 million more to invest in Indian companies, as per a media report.