India-focused private equity firm Blue River Capital has exited its 22.1 percent stake in India-based auto ancillary company Aurangabad Electricals for INR780 million (approximately US$12.3 million). Blue River Capital sold the stake back to Aurangabad Electricals, making a reported 2x return on the firm’s original March 2006 investment. In 2011, Aurangabad Electricals filed a draft red herring prospectus with India’s market regulator, but it was deferred due to market conditions.