Bharti brings block

An unusual block trade from India as Warburg Pincus divests stake in Bharti Televentures.

Warburg Pincus has raised $310 million from a second divestment in Bharti Televentures and out of what is fast becoming Asia's most active equity market. DSP Merrill Lynch and JM Morgan Stanley led the deal, which represented 3.2% of the Bharti's issued share capital and reduced Warburg Pincuses stake from 15.2% to 12.1%.

Block trades from India are fairly unusual thanks to the regulator's crossing requirements. However, this marks the private equity firm's second divestment. Last...

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