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Global investment manager, Investcorp sold its stake in luggage maker Safari Industries, the company announced on Wednesday. It realised a total return of Rs 285 crore at 3.8X Multiple on Invested Capital (MOIC) from Safari Industries, the Bahrain-based company said in a statement.
"The Internal Rate of Return (IRR) on the complete deal stood at 102 per cent," it added.
It made partial exits in the company in three...
