Clearwater Exits Dolphin Offshore Enterprises (Asia)
Source: Clearwater Capital Partners, VCCircle | Author: Anuradha Verma
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has exited India-based marine operation and construction company Dolphin Offshore Enterprises India by selling its entire 6.54 percent stake through open market transactions on the Bombay Stock Exchange and the National Stock Exchange of India. The sale amount was estimated to be between INR130 million (approximately US$2.1 million) to INR140 million (US$2.3 million). Clearwater originally invested in the company in 2006 through foreign currency convertible bonds.