Global private equity firm Warburg Pincus, through its affiliate Honey Rose Investment, sold 6,457,849 shares, representing 6.4% stake for Rs 359 crore, according to bulk deals data. Chicago-based investment firm Creation Investments Fusion, Llc has sold 3,841,172 shares, representing 3.8% stake for Rs 213 crore.
Besides Warburg Pincus, Chicago-based investment firm Creation Investments Fusion, Llc, which is also a part of the promoter group, may as well sell part stake. The total number of shares on offer is 93.5 lakh, and the floor price for the same has been set at Rs 535, reports said.