Warburg Pincus re-ups in India's Apollo Tyres
Warburg Pincus has invested INR5.4 billion ($70.2 million) in Apollo Tyres to follow up on an earlier investment in the company. This continues a recent trend of PE players increasing their stakes in Indian public companies.
In February, Warburg said it would invest $150.7 million to acquire 108 million shares - a 9.93% stake - in the Indian multinational tire manufacturer. It has now made an offer to purchase an additional...
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