Carlyle sells entire 8.2% stake in Edelweiss

Carlyle would have made a gain of at least three-fold on its investment

Carlyle Group, the US-headquartered investment entity, announced on Friday it had sold its entire 8.2 per cent stake in Edelweiss Financial Services, in the secondary market. 

The exit has been well-timed. Shares of Edelweiss have risen 2.5 times in the past year, and gained nearly 40 per cent on a year-to-date basis.

Shares of Edelweiss on Friday closed at Rs 134.2 after touching a high of Rs 140 and a low of Rs 127. Block deal data showed First Carlyle Ventures Mauritius sold 68 million shares of the company at Rs 127.4 a piece for around Rs 867 crore.  Among the buyers