Global investment manager KKR has fully exited India-listed non-banking financial company Magma Fincorp, selling 13 million shares for INR2.15 billion (approximately US$32 million) on the National Stock Exchange of India. KKR originally acquired a 15 percent stake in Magma Fincorp for INR2.4 billion (approximately US$52 million) in May 2011. Separately, KKR partially exited its stake in China-listed home appliance manufacturer Qingdao Haier for CNY973 million (approximately US$153 million). KKR, which originally acquired a 10 percent stake in Qingdao Haier for CNY3.4 billion (approximately US$545 million) in 2014, now holds a less than five percent stake in the company.