How much money Warburg Pincus will make from part exit in Lemon Tree Hotels’ IPO

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Private equity giant Warburg Pincus is set to walk away with lower-than-benchmark returns from its part exit in Lemon Tree Hotels Ltd as the New Delhi-based hotel chain prepares to launch its initial public offering next week.Lemon Tree is among Warburg’s oldest India portfolio companies besides the private equity firm’s ......