The promoters of Seaways Shipping and Logistics Ltd (Seaways) in a private deal, have recently bought out the entire stake of 24 per cent held by IDFC Private Equity (IDFC PE) held in the company. Subsequently, IDFC PE has now completely exited from the Hyderabad-based Seaways. “The partnership between IDFC PE and Seaways over the past nine years has been mutually rewarding,” PVK Mohan, Chairman and Managing Director, Seaways Group, said in a release issued here on Wednesday. Seaways had earlier planned for an Initial Public Offering, and had filed the DRHP last year which has however, been deferred. The company is now planning to go public in FY2018-19.