Warburg Pincus exits India's CarTrade Tech in $45m share sale

Warburg Pincus exits India's CarTrade Tech in $45m share sale

Photo: Reuters

U.S.-based private equity firm Warburg Pincus’s unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech on Tuesday through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data.