IDFC exits Seaways via share buyback
India’s Seaways Shipping & Logistics has bought back the entire 24% holding of private equity backer IDFC Alternatives following a decision to defer a previously planned domestic IPO.
Financial details of the transaction have not been disclosed. However, IDFC’s stake was said to be worth around INR800 million ($12.5 million) at the time of the IPO filing last year. The decision to...
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