Warburg Pincus To Buy Majority Stake In Sharekhan For INR 2,000- 2,400 Crores

Digital India FYI

Warburg Pincus To Buy Majority Stake In Sharekhan For INR 2,000- 2,400 Crores

SharekhanThe global private equity firm, Warburg Pincus, plans to buy a controlling stake in Sharekhan, brokerage firm, in a deal valued between 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.

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