3i Group to Sell Indian Stake After 15-Year Investment
After nearly 15 years of investment, 3i Group Plc is attempting to sell its stake in an Indian company. The UK-based private equity firm first sought to exit the stock market in India over a decade ago and has not made fresh investments in India since then.
3i Group initially sought to divest its Indian business nearly a decade ago. However, it has been unable to find a suitable buyer until now. The company has not revealed the identity of the potential buyer or the expected sale price. Despite the long wait, 3i Group remains optimistic about the prospects of monetizing its investment in the stock market today.
The sale of 3i Group's Indian business, after nearly 15 years of investment, signals a significant change in the company's strategy in the Indian market. The move could pave the way for new investments in other regions or sectors for the UK-based private equity firm.
