3i Group Attempts to Exit Legacy Indian Investment After Nearly 15 Years
After nearly 15 years, UK-based private equity firm 3i Group Plc is attempting to monetize its investment in an Indian company. This move comes as the firm seeks to exit its legacy Indian portfolio, a process it first initiated nearly a decade ago.
3i Group initially tried to sell its Indian investment around a decade ago but was unsuccessful. Since then, it has not made any fresh investments in the country. Now, the firm is trying again to find a buyer for its Indian stake. However, the identity of the potential buyer remains undisclosed as of now.
3i Group's renewed attempt to exit its Indian investment marks a significant step in its strategy to divest from its legacy portfolio. Despite the unnamed buyer, the process is underway, indicating a potential change in the firm's investment approach towards India.
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