Warburg Pincus completes partial exit from Kotak Mahindra
Warburg Pincus completed a public market sell down of part of its holding in India’s Kotak Mahindra Bank on Wednesday. The private equity firm raised about $170 million through the transaction.
Two affiliates of Warburg Pincus, Melany Holdings and Madison Holdings, sold 17.5 million shares between them at INR490 apiece. Warburg now owns 3.6% of the company. Vontobel Funds, Blackrock, Deutsche...
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