IDFC PE offloads stake in SACM to Singapore’s Temasek Holdings for Rs 750 million

IDFC Private Equity (IDFC PE) is offloading an undisclosed portion of its stake in Star AgriWarehousing & Collateral Management (SACM) to the Singapore government’s investment company Temasek Holdings for a consideration of Rs 750 million, thereby part-exiting an investment made four years ago. IDFC PE had invested Rs 1.5 billion in 2012 for a 37 per cent stake at a pre-money valuation of Rs 2.5 billion. Following the part-exit, Temasek and IDFC PE will together own 47 per cent of SACM.