ChrysCapital Sells over 9 Percent Stake in Balkrishna Industries for US$38 Million (Asia)

Source: VCCircle

India-focused private equity firm ChrysCapital has exited the majority of its 9.59 percent stake in publicly-listed Balkrishna Industries. ChrysCapital sold over nine million shares in the manufacturer of off-highway tires for INR2.17 billion (approximately US$38 million). ChrysCapital originally acquired the stake in 2005.