Kedaara, Warburg bag stellar returns from partial exit in AU Small Finance Bank

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Private equity firms Warburg Pincus and Kedaara Capital have struck stellar returns by selling a part of their respective stakes in Jaipur-based AU Small Finance Bank. Homegrown Kedaara sold nearly 2.88 million shares, representing 1% stake in the company, for Rs 183.69 crore (discounting transaction costs and statutory levies), stock-exchange data ......