India Value Fund part-exits auto component firm Mahindra CIE with over 4x

By Shruti Ambavat

  • 16 Jan 2015
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Mid-market control-oriented private equity firm India Value Fund Advisors (IVFA) has sold close to one-third of its holding in Mahindra CIE Automotive (formerly Mahindra Forgings) pocketing approximately Rs 130 crore ($21 million) in the process. This marks a partial exit from its over seven-year-old bet on the automotive component business ......

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