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.