Warburg Slashes Stake In Max India For $55M

Law360, New York (December 12, 2011, 6:22 PM EST) -- Private equity firm Warburg Pincus LLC sold more than half of its 12 percent stake in Indian life insurance and health care services company Max India Ltd., generating roughly $55 million in the deal, according to a regulatory filing on Monday.

New York-based Warburg reduced its 12.3 percent stake in Max India, which it first bought into in 2004, to 5.8 percent, selling more than 17 million shares on the National Stock Exchange of India Ltd., according to a filing with the Bombay stock exchange....
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