Warburg Exiting Max Healthcare at Cost
June 20, 2011- Share:
Warburg Pincus has agreed to sell its 16.37% stake in Max Healthcare to the company's group holding company Max India for INR 140 crore ($3.1 million). The investment will turn out a wash for Warburg, who invested INR 140 crore in the Indian hospital group through two tranches in January and June of 2005. Warburg does still maintain a sizable minority stake in the group holding company Max India though.
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