TVS Shriram Growth Fund sold 2,637,611 shares at Rs 289.6 apiece, which translates to Rs 76 crore.
The fund invested Rs 30 crore in 2010; now it partly exited with IRR (internal rate of return) of over 30 per cent.
According to VCCircle, the fund sold 0.71 per cent stake, and now holds around 0.5 per cent.
Earlier, Beacon India Private Equity Fund sold its 2.75 per cent holding in the bank. The fund invested $11.56 million in January 2011, and when it exited in June 2015, it sold the stake for $31.57 million.
Gaja Capital exited partly in June 2015 by selling 1.22 per cent stake for $14.95 million. The fund is still holding 1.86 per cent. The fund invested $7.94 million in the bank in tranches from 2011 to 2012, according to VCCircle data.
Between April 2000 and August 2016, the bank raised around $450 million from investors, according to VCCircle research data.
Investors that continue to be with the bank include International Finance Corporation, CDC Group Plc, Deccan Value Investors LP, Asian Development Bank, Asia Capital Financial Opportunities Pte Ltd, Aditya Birla PE, Faering Capital India Evolving Fund, Cartica Capital LLC, Norwest Venture Partners X LP, Samara Capital Partners Fund I Ltd, and Elephant Capital Fund.