Bharti back on the block

Warburg Pincus completes new divestment as lock-up expires.

Private equity firm Warburg Pincus raised $560 million from its third divestment of Bharti stock in the space of a year after Friday's close March 11. UBS led the deal, which represents the largest ever block trade from India and the investment bank's first from the Sub Continent.

Warbug Pincus sold a 6% stake in the country's second largest wireless operator at a 2.6% discount to its Rs223.75 close on the National Stock Exchange, where...

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