Multiples PE gets partial exit from Milltec ahead of IPO

Homegrown private equity firm Multiples Alternate Asset Management Pvt. Ltd has generated lower than benchmark returns by selling a chunk of shares of Milltec Machinery Ltd ahead of the Bengaluru company's proposed initial public offering (IPO). The PE firm sold about 229,600 Milltec shares, or a 7.5% stake, to stock market ......