Warburg Pincus exits electrical equipment maker Havells, makes 2.5x returns

Private equity major Warburg Pincus has exited electrical equipment company Havells India Ltd at approximately 2.5x returns, according to VCCircle estimates. The PE sold a 8.35 per cent stake in the market on Thursday for Rs 730 crore ($130 million), completing its exit from the nearly six-year old investment.The exit comes on the backdrop ......