Warburg Pincus

Shriram Finance completes sale of housing finance arm to Warburg Pincus

The sale of Shriram Finance's stake in SHFL was executed through Warburg Pincus' affiliate, Mango Crest Investment Ltd

Warburg Pincus exits Cartrade Tech; sells 8.64% stake for Rs 375 crore

Highdell Investment, an entity owned by US-based private equity major Warburg Pincus, on Tuesday divested its entire 8.64 per cent stake in Cartrade Tech for a little over Rs 375 crore via an open market transaction. Cartrade Tech is one of India's largest online classifieds and auto auction platforms. According to the bulk deal data available on the NSE, Highdell Investment sold 40.76 lakh shares, amounting to an 8.64 per cent stake in Cartrade Tech. The shares were offloaded at an average price of Rs 920.30 apiece, taking the transaction value to Rs 375.16 crore. Meanwhile, Mirae Asset Mutual Fund purchased 30.22 lakh shares or a 6.4 per cent stake in Cartrade Tech in three tranches, the data showed on the National Stock Exchange (NSE). The shares were picked up at an average price of Rs 920 apiece, taking the aggregate deal value to Rs 278.02 crore. Details of the other buyers of Cartrade Tech's shares could not be identified on the bourse. In June, Warburg Pincus sold an 8.6

Warburg Pincus to sell entire 9.17% stake in Kalyan Jewellers India

Shares of the jewellery retailer rose 9 per cent to end at Rs 597.5 on the BSE

Warburg Pincus affiliate sells 2.36% stake in Kalyan Jewellers for $155 mn

The deal will see Highdell, the Warburg affiliate, sell over 24 million shares at 535 rupees each to Trikkur Sitarama Iyer Kalyanaraman, which currently holds 60.59% in the jeweller

Warburg Pincus buys majority stake in furniture fittings maker Ebco

Ebco is one of India's oldest and most prominent furniture fittings and architectural hardware brands, said a company statement

Warburg, Temasek & JP Morgan sell 13.7% stake in CarTrade for Rs 535 cr

Warburg Pincus, Temasek Holdings and JP Morgan Investment on Monday divested a total of 13 per cent stake in CarTrade Tech for Rs 535 crore through open market transactions. Highdell Investment, an arm of US-based Warburg Pincus, sold the shares of CarTrade Tech while Singapore's sovereign wealth fund Temasek Holdings' affiliate MacRitchie Investments offloaded shares of the company on the BSE. CMDB II, a private equity fund run by JP Morgan Investment Management also sold the shares of CarTrade Tech through a bulk deal on the National Stock Exchange (NSE). A total of 64.57 lakh shares or 13.77 per cent stake were pared by Warburg Pincus, Temasek and JP Morgan. According to the bulk deal data available on the BSE, Highdell Investment sold 40.65 lakh shares, amounting to an 8.66 per cent stake in CarTrade Tech. MacRitchie Investments sold 20.32 lakh shares or 4.33 per cent stake in Mumbai-based CarTrade Tech. The shares were sold in the price range of Rs 828-828.58 apiece by the tw

Warburg-backed Avanse Financial Services files for Rs 3,500-cr IPO

Avanse is the first education-focused NBFC looking to go public

Warburg Pincus-backed Avanse files draft papers for Rs 3,500-cr IPO

The company, promoted by Olive Vine Investment Ltd, an affiliate of private equity major Warburg Pincus, proposes to use the funds to increase its capital base for future needs

Warburg Pincus, QIA in talks to derisk Shriram group arm investment

Shriram Finance Limited (SFL) decided to sell its housing finance business to focus more on its core operations and secure growth capital

Warburg Pincus exits Apollo Tyres; pares entire stake for Rs 1,073 crore

Private equity major Warburg Pincus on Wednesday exited Apollo Tyres by selling its entire 3.54 per cent stake in the tyre manufacturing company for Rs 1,073 crore through open market transactions. US-based Warburg Pincus through its arm White Iris Investment Ltd offloaded the shares of Gurugram-based Apollo Tyres through 14 block deals on the BSE. As per the data on the BSE, White Iris Investment Ltd sold a total of 2,24,74,903 shares of Apollo Tyres. The shares were offloaded at an average price of Rs 477.35 per piece, taking the transaction value to Rs 1,072.84 crore. A clutch of domestic mutual funds (MFs), an insurance company and foreign investors were among the buyers of the shares. The entities are Edelweiss Mutual Fund (MF), Mirae Asset MF, ICICI Prudential MF, Sundaram MF, ICICI Prudential Life Insurance Company, Societe Generale, Ghisallo Master Fund LP, Goldman Sachs Investments (Mauritius) I, Morgan Stanley Asia Singapore, and Citigroup Global Markets Mauritius. As o

Shriram Finance will focus more on its core business: Umesh Revankar

Warburg to invest Rs 1,000 crore in SHFL

Warburg Pincus to acquire Shriram Housing Finance for Rs 4,630 crore

Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers

Mubadala, Warburg in talks with Shriram Finance to buy stake in SHFL

Shriram Finance on Tuesday confirmed that it is looking to unlock value in the housing finance arm (SHFL) to secure growth capital.

Warburg Pincus exits IDFC First Bank, sells entire stake for Rs 1,195 cr

Private equity major Warburg Pincus on Thursday sold its entire 2.25 per cent stake in private sector lender IDFC First Bank for Rs 1,195 crore through an open market transaction. Warburg Pincus offloaded the shares of IDFC First Bank through its affiliate Cloverdell Investment Ltd on the BSE. According to the bulk deal data available with the BSE, Cloverdell Investment sold more than 15.88 crore shares of IDFC First Bank. The shares were disposed of at an average price of Rs 75.24 apiece, taking the deal size to Rs 1,195.21 crore. As of December 2023, Warburg Pincus through its affiliate holds a 2.25 per cent stake in Mumbai-headquarted IDFC First Bank, shareholding data showed with the BSE. Details of the buyers of shares could not be ascertained. On Thursday, shares of IDFC First Bank plunged 3.11 per cent to close at Rs 75.39 apiece on the BSE. In January, IDFC First Bank reported an 18 per cent growth in net profit to Rs 716 crore in the third quarter ended December 31, 202

IDFC First Bank slips 3% after over 2% equity change hands in block deals

As per reports, Cloverdell Investment, an affiliate of US-based Warburg Pincus, planned to sell 159 million shares in IDFC First Bank through the block deal route on Thursday.

Warburg Pincus divests 8.4% stake in Kalyan Jewellers for Rs 2,937 crore

Private equity major Warburg Pincus on Thursday divested an 8.4 per cent stake in Kalyan Jewellers India for Rs 2,937 crore through open market transactions. The US-based Warburg Pincus through its arm Highdell Investment Ltd sold shares of Kalyan Jewellers India on the National Stock Exchange (NSE) and the BSE. Kalyan Jewellers India is into manufacture and sale of gems and jewellery. As per bulk and block deal data available on the exchanges, Highdell Investment disposed of 1.80 crore shares on the BSE. Similarly, Highdell Investment also offloaded more than 6.87 crore shares in three tranches on the NSE. Around 8.67 crore shares sold represent an 8.42 per cent stake in Kalyan Jewellers India. The shares were sold at an average price of Rs 344.42 apiece on the BSE, while the shares were disposed of within the price range of Rs 334-339.59 apiece on the NSE, taking the combined deal size to Rs 2,936.96 crore. After the latest transaction, Highdell Investment's shareholding in Ka

Private equity major Warburg Pincus divests 1.3% in IDFC FIRST Bank

In September, Cloverdell Investment, also an affiliate of Warburg, had sold 4.2 per cent in IDFC First Bank for Rs 2,480 crore

Warburg Pincus names Vishal Mahadevia as Asia private equity head

Mahadevia, a 17-year veteran of the firm, will remain as co-head of financial services, Warburg Pincus said in a statement

Warburg sells 4.2% in IDFC First Bank; GQG picks up 2.6% in lender

On Friday, shares of IDFC First Bank fell by as much as 5 percent in early trading but recovered to end little changed

Warburg Pincus buys majority stake in Vistaar Finance for $250 mn

Vistaar Finance is a leading SME lender in India; it operates in 12 states with over 2,500 staff serving 40,000 customers; AUM of Rs 3,150 crore as of March 2023