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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