 "ChrysCapital exits from CavinKare with 2X returns")
The promoter of diversified FMCG conglomerate CavinKare Pvt. Ltd has bought back the stake held by private equity major, ChrysCapital, in the company. The PE firm had invested around Rs 250 crore four years back for a 14 per cent stake. It has now exited with twice that amount.
The buyout move by CavinKare promoter C K Ranganathan marks ChrysCapital's first full exit from its sixth fund, which entered its harvesting phase. ChrysCapital had invested Rs 250 crore in CavinKare in 2013 and the investment delivered a return of a little over two times in less than four years.
Ranganathan, Chairman &
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