Multiples Private Equity likely to sell stake in APAC Financial Services

Multiples Alternate Asset had acquired the stake for Rs 250 crore in 2018

Multiples Private Equity is likely to sell its stake in APAC Financial Services, a non-banking financial services firm founded by former Deutsche Bank executive, Gunit Chadha at a total valuation of Rs 800 crore.

Investment banking sources said the private equity firm is in talks with several Indian banks on its plan to sell its 40.3 per cent stake in the NBFC but no final decision has been taken as yet.

Chadha said Multiples is not looking to exit APAC Financial Services. A joint statement by Multiples PE and APAPC Financial Services said: "Multiples PE is not exiting APAC Financial