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Promoter of the diversified FMCG conglomerate, CavinKare Pvt. Ltd has bought back the stake held by private equity major ChrysCapital, in the company. The PE firm has invested around Rs 250 crore four years back for 14 per cent stake and exited with double the amount.The buyout move by CavinKare promoter C K Ranganathan marks ChrysCapital's first full exit from its sixth Fund, which has entered its harvesting phase. ChrysCapital had invested Rs 250 crore in CavinKare in 2013 and the investment delivered a little over two times of return in less than four years.Ranganathan, Chairman & Managing Director of the company, has confirmed the development, adding that he has consolidated his ownership to 100 per cent in the company.In 2013, CavinKare roped in ChrysCapital at a time when the company was looking to further strengthen its focus on the strategic direction and results. "The Company has benefited from the value that ChrysCapital has added over the period of its investment," said