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 trading is most active. As a result of the deal, which represents 49 days trading volume, it will be left with a 5.7% stake.

At the beginning of February, the group...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222