New Vernon scores 6x on part-exit from 9-yr old investment in Setco

New Vernon Private Equity, a part of New Jersey-based investment firm New Vernon Capital, has sold almost a quarter of its holding in Mumbai-based Setco Automotive Ltd (Setco) pocketing Rs 18.38 crore (around $3 million), on Tuesday.This comes as the third tranche of part-exit from the nine-year-old investment in the ......