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Multiples sells 10% stake in Delhivery
short by Twishy Shahi / on Friday, 2 October, 2015
Private equity fund Multiples Alternate Asset Management, has sold about a 10% stake in logistics firm SSN Logistics, which operates Delhivery to Tiger Global. “We have done a partial exit by selling our stake to Tiger Global and have clocked returns of six times from our entry valuation,” said Prakash Nene, Managing Director of Multiples.
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