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.
