Grapevine: Multiples plans continuation fund; HDFC rejects subsidiary stake sale to MUFG

Indian private equity firm Multiples Alternative Asset Management is seeking over $300 million (about Rs 2,500 crore) in a secondary deal to extend its hold on at least two portfolio companies, a media report said.   The Mumbai-based firm, backed by the Canada Pension Plan Investment Board, plans to use a continuation fund to retain ......