Sterling Holiday Resorts (India) Limited is planning to raise Rs.120 Cr through preferential allotment of shares and convertible warrants, to fund expansion plans.
Rakesh Jhunjhunwala and Radhakrishna Damani are likely to buy one crore shares in the company.
Transaction Reference: Economic Times
A mumbai based engineering firm with a small small VC investment in 2006, now leaping towards 400Cr + sales.
SAIF Partners, one of the early backers of BSE listed local search directory, Just Dial has sold close to 2.4% stake in the company for a total of INR254 Cr. The part exit fetches the fund, a 30x returns on its seven year old investment.