Kedaara, Partners Group complete Aavas sell-downs
Kedaara Capital and Partners Group have made partial exits from Aavas Financiers, the mortgage business they carved out from Indian non-banking finance company Au Financiers in 2016 and took public two years later.
Kedaara sold 4.95 million shares for INR2,453 apiece, realizing proceeds of approximately INR12.2 billion ($165 million), according to stock exchange records. This followed a partial exit in February 2020...
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