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TVS Shriram Fund partly exits RBL with 30% IRR

Invested Rs 30 cr, partly exited with Rs 76.36 cr

Vishwavir Ahuja, MD and CEO, RBL Bank at a press conference in Mumbai (Pic: Suryakant Niwate)
Vishwavir Ahuja, MD and CEO, RBL Bank at a press conference in Mumbai (Pic: Suryakant Niwate)

RBLBank,whichwaslistedonWednesday,hasgivengoodexitsforprivateequityinvestorsthathavestayedinvestedinthebankforsixyears. TVSShriramGrowthFundsold2,637,611sharesatRs289.6apiece,whichtranslatestoRs76crore. ThefundinvestedRs30crorein2010;nowitpartlyexitedwithIRR(internalrateofreturn)ofover30percent. AccordingtoVCCircle,thefundsold0.71percentstake,andnowholdsaround0.5percent. Earlier,BeaconIndiaPrivateEquityFundsoldits2.75percentholdinginthebank.Thefundinvested$11.56millionin ...