Mumbai, June 26 -- As it readies for the final close of its third fund in a cautious environment, Samara Capital is poised to join a small league of investment firms in India that have fully returned money to investors with gains.

The private equity firm plans to wind down its 11-year-old second fund over the next three months and will fully return the proceeds from its exits to its limited partners, said a person familiar with the matter, speaking on the condition of anonymity.

"The second fund has already exited nine out of 10 investments and expects to return the balance amount by September," the person cited above said, adding that the tenth exit will happen over the next month.

The fund has clocked a 3.5x gross multiple on investe...