Baring Private Equity Partners exits Vardhman Textiles

04 Nov '17

1 min read

Courtesy: Vardhman

Barring Private Equity Partners India has exited its portfolio company Vardhman Textiles at a time when private equity participation has continued to touch new highs in India. The domestic private equity firm had exited listed non-banking financial company Muthoot Finance, domestic consumer products giant Marico and Godrej Consumer Products in September.

The development comes after the reported purchase, about a month back, of the entire stake of Marubeni Corporation and Marubeni Hong Kong and South China Limited by VMT Spinning Company, a subsidiary of Vardhman Textiles, one of the largest textile conglomerates in the country, according to a report in a leading Indian business daily.

Private equity firms have invested $17.6 billion over the first nine months of 2017, more than the earlier high of $17.3 billion, recorded in calendar year 2015, according to Venture Intelligence, a leading source of information and analysis on private company financials and transactions. (DS)

Fibre2Fashion News Desk – India

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