First Carlyle Growth VI, the growth investment fund of private equity major Carlyle, has made a complete exit from Repco Home Finance. Carlyle has offloaded its entire 17.7% stake in the company for a price of Rs 427.5 per share. The deal size is estimated at Rs 471 crore.
Carlye, which was holding about 11 million shares in Repco, is learnt to have achieved a return of 9x from its 6-year old investment. The buyers include DSP Blackrock, FT India Prima Fund, Jupiter India, Nomura India and SmallCapWorld Fund.
Repco Home Finance is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is operating through 80 branches and 13 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Gujarat, Odisha, West Bengal and Puducherry.
