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Private Equity | 26 March 2012

Warburg Pincus Exits Kotak Mahindra Bank

by Irfan Khan
Warburg Pincus Exits Kotak Mahindra Bank
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Warburg Pincus has exited Kotak Mahindra by selling it's residual 3.6% stake in the company for R1404Cr.

According to a report on FoxBusiness, about 26.5Mn shares of @Kotak_Mahindra_Ba Ltd. were sold at R530 apiece in a block deal on the BSE.

Warburg Pincus had part exited Kotak by selling 17.5Mn shares at a price of R490 per share aggregating to R857.5Cr in February this year.

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