Bharti brings block

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%.