ChrysCapital Sells a Two Percent Stake in HCL (Asia)
Source: VCCircle | Author: Madhav A Chanchani
ChrysCapital, an investment firm that focuses on growth sectors in India, has sold more than a two percent stake in India-listed technology company HCL Technologies for INR15 billion (approximately US$244 million) to INR18 billion (approximately US$293 million). ChrysCapital, whose remaining stake is valued at nearly INR17 billion (approximately US$277 million), invested US$170 million in HCL Technologies in various tranches from late 2007 to mid-2008.