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Article: ChrysCap sells 6.5% stake in MphasiS for Rs 130 cr.
- Article from:
- Economic Times (New Delhi, India)
- Article date:
- February 2, 2006
CopyrightCOPYRIGHT 2006 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Feb. 2--NEW DELHI -- Amidst all the hype about Baring's divestment plans in MphasiS, another private equity player, ChrysCapital, has quietly exited the IT services company. ChrysCapital sold its near 6.5per cent stake in MphasiS for Rs 130 crore through the secondary market route.
According to sources, this transaction took place in late '05. Consequently, ChrysCapital's shareholding in MphasiS is now nil. It originally held around 14per cent in the company, of which around 8per cent was sold about 18 months earlier.
Ashish Dhawan, senior managing director, ChrysCapital, however continues to remain on the MphasiS board as an independent director. ...
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