Sunday, 23 December 2012
Deal Alert: Norwest exits Persistent Systems; sells remaining shares worth Rs.36-Cr for 4.20x return
Posted on 20:00 by Unknown
Press Release
Norwest Venture Partners has sold its remaining 719,581 shares of publicly listed IT services firm, Persistent Systems Ltd. on BSE worth Rs.36 Crores at Rs.500.72 per share on Dec 21, 2012. This constitutes 1.80% of total outstanding shares of Persistent Systems Ltd.
From the Venture Intelligence PE Deal database: In Nov 2005, Norwest Venture Partners invested INR 63.06
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