Home >> Private Equity >>

How was PremjiInvest's partial exit from HCG?

Illustration by Akshansh Maan/VCCircle

PremjiInvest, the private investment arm of Wipro Ltd chairman Azim Premji, has sold more stake in its public-listed portfolio almost a month after it tapped the same firm to harvest returns. The stake sale comes in the wake of the bull run in the stock markets buoyed by a thumping victory of Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP) in the crucial Uttar Pradesh state elections last week. PremjiInvest struck at least three exit deals last year. It divested its stake in ServiceMax Inc when the company was acquired by General Electric in November 2016. It also offloaded its...

To Read the Full Story, Login
Subscribe Now &
Save up to 46%
on a 3-year subscription
<

PremjiInvest is a private equity firm with $1 billion assets under management. It invests in both private and public equity of companies operating in India. The fund seeks to invest in automobile, finance, education, healthcare, hospitality and retail sector. It typically invests between $20 million and $60 million in its portfolio company. The company was founded in 2008 and is based in Bengaluru, Karnataka.

Advertisement

Upcoming Events