Warburg Pincus Partially Exits India-based Amtek Auto (Asia)

Source: VCCircle

Global private equity firm Warburg Pincus has partially exited India-based auto components manufacturer Amtek Auto, selling a 1.1 percent stake over two days on the Bombay Stock Exchange for around INR170 million (approximately US$2.7 million). With this sale, Warburg’s stake fell from 7.4 percent to 6.3 percent, worth around INR940 million (approximately US$15 million). The firm originally picked up more than 9.5 percent stake in Amtek Auto from the open markets in 2006.