Warbug Pincus begins Kotak Mahindra divestment
Warburg Pincus has begun the divestment process of its more than 9% stake in Kotak Mahindra Bank, selling a nearly 2% stake in the open market in recent months with more to come, local media reports.
According to The Times of India, the private equity firm had a 9.28% stake in Kotak Mahindra - one of India's top-ten financial services firms - worth approximately $700 million. Warburg Pincus sold a...
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