Warburg sells entire 3.6% stake in Kotak Bank for Rs 1,400 cr

Warburg Pincus,the latest is the overseas private equity investor, which exited its 3.6 percent stake in Kotak Mahindra Bank, raking in about Rs 1,400 crore, according to a source.

This is the second time in as many months that Warburg has sold its stake in the bank. On February 2, it sold about 17.5 million shares of Kotak Bank through stock market deals, raising about $170 million.

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