Eredene Capital Sells 6.8 Percent Stake in Ocean Sparkle (Asia)
Source: LiveMint | Author: P.R. Sanjai
Eredene Capital, an independent investment firm that specializes in Indian infrastructure, sold its 6.8 percent stake in Ocean Sparkle, an Indian port operations and marine services company, to Mauritius-based Infrastructure India Holdings Fund for GBP8.2 million (approximately US$12.8 million). The stake was held by Eredene subsidiary West Coast Port. Eredene originally invested GBP7.3 million (approximately US$10.9 million) in Ocean Sparkle in 2010. Infrastructure India Holdings Fund is an existing shareholder of Ocean Sparkle.