IDFC Alternatives Partially Exits Star Agriwarehousing and Collateral Management (Asia)
Source: VCCircle | Author(s): Anuradha Verma
India-focused private equity firm IDFC Alternatives has sold a portion of its stake in India-based agricultural commodity warehousing service company Star Agriwarehousing and Collateral Management (StarAgri) to Singaporean sovereign wealth fund Temasek for a reported INR750 million (approximately US$11 million). IDFC Alternatives originally invested in StarAgri through its fund IDFC Private Equity Fund III.