Norwest Venture Partners starts exiting Shriram City at nearly 4x

Private equity firms Norwest Venture Partners and ICICI Ventures today sold a combined 1.49 per cent stake in Chennai-based Shriram City Union Finance as both shareholders made partial exits on Wednesday.While ICICI Venture started exiting Shriram City last year this is the first such deal for Norwest.Shares of Shriram City ......