Warburg Pincus exits Punj Lloyd with huge haircut

Private equity major Warburg Pincus has exited its six-year-old investment in public-listed infrastructure firm Punj Lloyd Ltd with a huge loss. It is Warburg’s fourth exit from an India-related portfolio firm after two multi-baggers since January this year.Warburg Pincus had invested around Rs 405 crore ($100 million back then) in ......