Wolfensohn Capital Partners Partially Exits DCB Bank (Asia)
Source: National Stock Exchange, VCCircle | Author(s): Anuradha Verma
Emerging markets-focused private equity firm Wolfensohn Capital Partners (WCP) has partially exited its stake in India-based lender DCB Bank in open market transactions on the National Stock Exchange. On 15 April, WCP sold 2.32 million shares—about a 0.8 percent stake in the company—for INR121.73 (approximately US$1.94) apiece in a transaction totaling INR282 million (approximately US$4.5 million). In the first quarter of 2015, WCP reportedly sold a 0.6 percent stake in the company for an undisclosed amount.