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Everstone Capital exits SJS Enterprises by selling remaining 29.5% stake

The stake was bought by investors including some Indian mutual funds, an Everstone spokesperson said, adding that the firm made $66 million from the sale

Divestment, privatisation, stake sale, disinvestment

Reuters BENGALURU

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BENGALURU (Reuters) - Private equity firm Everstone Capital said on Wednesday it has fully exited India's SJS Enterprises by selling its remaining 29.5% stake in the company.
The stake was bought by investors including some Indian mutual funds, an Everstone spokesperson said, adding that the firm made $66 million from the sale.
SJS Enterprises makes a wide range of aesthetics products catering to segments including two-wheelers, passenger vehicles, commercial vehicles, consumer durables and appliances.
 
(Reporting by Aditya Kalra in New Delhi, Writing by Rama Venkat in Bengaluru; Editing by Varun H K)

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First Published: Aug 23 2023 | 3:42 PM IST

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