BENGALURU, Sept 24 (Reuters) - U.S.-based private equity
firm Warburg Pincus's unit sold its entire 8.6% stake in Indian
automobile portal CarTrade Tech on Tuesday through a
bulk deal worth 3.75 billion rupees ($44.86 million), according
to NSE data.
As of June 30, Warburg Pincus owned more than 4 million
shares in CarTrade through its unit Highdell Investment, making
it the company's second-largest shareholder, according to LSEG
data.
Highdell sold its entire stake at a price of 920.3 rupees
per share, a near 6% discount to CarTrade's closing price on
Monday.
Mirae Asset Mutual Fund purchased over 3 million shares at
an average price of 920 rupees per share.
($1 = 83.5930 Indian rupees)