Everstone Capital exits India's SJS Enterprises by selling 30% stake

SJS Enterprises

23/08/2023 09:44

BENGALURU, Aug 23 (Reuters) - Private equity firm
Everstone Capital said on Wednesday it has fully exited India's
SJS Enterprises  SJSE.NS  by selling its remaining 29.5% stake
in the company.
    The stake was bought by investors including some Indian
mutual funds, an Everstone spokesperson said, adding that the
firm made $66 million from the sale.
    SJS Enterprises makes a wide range of aesthetics products
catering to segments including two-wheelers, passenger vehicles,
commercial vehicles, consumer durables and appliances.

 (Reporting by Aditya Kalra in New Delhi, Writing by Rama Venkat
in Bengaluru; Editing by Varun H K)
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