Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has exited a 16.5 percent stake in India-based auto component maker Jamna Auto Industries. Clearwater Capital Partners returned INR770 million (approximately US$11.5 million) in open market transactions on the Bombay Stock Exchange and the National Stock Exchange on 7 December 2015. Clearwater Capital Partners, which held about a 28 percent stake in the company as of September 2015, sold a total of 6.5 million shares.