New Delhi, May 6 -- Chennai-based Veritas Finance, a non-banking financial company, is exploring a private transaction worth Rs.800-1,000 crore to facilitate exits for early investors after facing repeated delays in its public listing, three people familiar with the matter said.

"The transaction is expected to give exits to some of its early backers like Lok Capital and British International Investment (BII), who have been invested in the company for a long time," one of the people cited above said.

Veritas' move to explore a private market deal comes as it seeks to improve financial performance and reattempt a listing when public market valuations become more stable and conducive.

"The round is likely to be secondary in nature and cou...