Axis Private Equity (Axis PE) is in discussions to sell its interest in three portfolios, Business Standard reports. The firm will sell its stake in Vishwa Infrastructure and Corrtech International, and also proposes to dilute its stake in Neesa Leisure through an initial public offering. The investments of Axis PE include $16.2 million in Neesa Leisure, $14.5 million in Corrtech and $13.02 million in Vishwa Infrastructures. Founded in 2006, the firm has invested approximately $86.8 million from its $130.2 million Axis Infrastructure Fund.

Click here for the story from Business Standard.

Click here for additional coverage from VC Circle.