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Fertile reward

Cartica Capital reaps a 30% gain by part selling its stake in PI Industries

Teresa Barger co-founded Cartica Capital, recently sold 3.7 million shares of PI Industries in two tranches. In the first tranche, the concentrated emerging markets investor sold 2.93 million shares and in the second bulk deal, around 780,000 shares. The average selling price of Rs.775 a share is about 30% higher than Cartica’s entry price of Rs.605 in June 2015. Post the transaction, Cartica’s holding is down from 5.68% to 2.93%. Apart from Cartica, the other prominent institut

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