Warburg Pincus To Buy Majority Stake In Sharekhan For INR 2,000- 2,400 CroresMay 22, 2015 2015-05-22 10:04
Warburg Pincus To Buy Majority Stake In Sharekhan For INR 2,000- 2,400 Crores
The IndusInd Bank had also shown an interest in the buying the stakes but has pulled out from the deal later on.
Warburg has submitted a binding bid and the negotiations are in final stages. The final agreement can be signed within few weeks.
The existing investors like Rohatyn Group which had a majority of stake (46%) in the company have been looking to sell their stake since last year.