MoneyWorks4Me

Warburg Pincus sells 4.66% stake in Havells India

31 May 2013 Evaluate

Global equity firm Warburg Pincus has sold 4.66% stake in Havells India for over Rs 407.40 crore. Warburg Pincus group sold 58.20 lakh shares, amounting to 4.66 per cent stake, of Havells India through open market transaction, while Vontobel Funds Inc purchased 56.35 lakh shares of Havells India for Rs 394.45 crore.

Seacrest Investment held 58.20 lakh shares or 4.66% stake in Havells India, at the end of March quarter, while Warburg Pincus International LLC owned 46.07 lakh scrips or 3.69% holding in the company directly.

Peers
Company Name CMP
Waaree Energies 2490.50
Apar Industries 16909.30
Havells India 1117.50
Suzlon Energy 41.20
Siemens 3660.20
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