Nalanda Capital bets more on listed company to end year-long lull

Nalanda Capital, an India-focussed private equity-style investor in public equities, has topped up its investment in one of India’s largest sanitaryware companies to almost double its exposure. Singapore-headquartered Nalanda, headed by former Warburg Pincus India managing director Pulak Prasad, recently bought a 2.41% stake in Cera Sanitaryware Ltd. This is Nalanda’s first ......