The firm, which invested in Indusval in 2011, will have its stake diluted from 30 percent to 20 percent under the plan, the people said, asking not to be named because the matter isn’t public yet. The $6 million share purchase Warburg Pincus would have to make to avoid dilution was rejected by the firm because it’s seeking larger investments, the people said.
Read the full story at Bloomberg, By Cristiane Lucchesi
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