Warburg Pincus set to seal control deal for bathroom fittings firm

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Private equity firm Warburg Pincus is set to acquire a majority stake in Watertec (India) Pvt. Ltd, a bathroom accessories and fittings maker, two people aware of the development said. The company is jointly owned by Coimbatore-based UMS Group, Watertec Malaysia and Sri Lanka-based South Asian Investments. Warburg will buy around ......

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