Warburg Pincus invests $120m in India's PVR
Warburg Pincus has invested INR8.2 billion ($120 million) for a 14% stake in Indian listed film and retail entertainment company PVR, providing a partial exit for Multiples Alternative Asset Management.
Along with Multiples, PVR’s promoters will also part exit their stakes to Warburg Pincus. Both sellers will retain an interest in the company, with Multiples holding 14% and the promoters owning more...
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