Sequoia Capital sold its entire stake (3,964,192 shares) in Manappuram General Finance & Leasing @ Rs. 740/- per share. The shares were bought by Wellington Management Company LLP (659,176 shares), Sloane Robinson LLP (1,374,000 shares) and Copthall Mauritius (1,340,479 shares).
Sequoia had invested in Manappuram by way of compulsorily convertible preference shares in Dec 2007 and in Nov 2008. Rough calculations indicate that the average cost of acquisition for shares by Sequoia in Manappuram was Rs. 150/-.
About Me
- Manish Tulsian
- Manish graduated from Panjab University with a degree in Commerce and followed it up with an MBA from the ICFAI Business School, Mumbai. He has worked for over 10 years in equity research positions analyzing Global markets and businesses for international brokers, private equity firms, and asset management companies. Manish lives and works in Mumbai; he can be reached at mtulsian@gmail.com.
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