India Digest: Gulf Capital exits Kuiper Group; ITC increases stake in Mother Sparsh

Private equity firm Gulf Capital on Monday said it has fully exited its oil and gas logistics platform, Kuiper Group, via a strategic sale to Asian Energy Services, a publicly-listed Indian energy and mining services company. Separately, ITC Ltd. said it will increase its stake in Indian baby care brand Mother Sparsh from 26.5% to 49.3% with a fresh investment of Rs 81 crore ($9.5 million).