Sequoia capital which already has investments in SKS and Ujjivan has now acquired a 10% stake in Equitas for 44 crore from one Kalpathi Suresh who is the founder of SSI Education. Kalpathi Suresh had invested Rs3.5 crore to acquire the 10% stake in Equitas in 2007-08 and it did not include any management rights or board seat.
Livemint has more details of the deal
Sequoia buys 10% in Equitas from Kalpathi
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