Second-largest India exit for Warburg Pincus
"When Warburg Pincus first invested in Kotak Mahindra Bank in 2004, what was being created was a banking institution from scratch,” says Vishal Mahadevia, managing director of Warburg Pincus India.
The global private equity firm has just completed its second largest exit in India - after that of Bharti Airtel, which it sold for $1.83 billion - but when it first entered into Kotak, it was dealing...
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