PE firms’ recent PIPE deals in a rabbit hole as coronavirus pandemic jolts valuations

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Credit: 123RF.com

In November 2007, two months before the Indian market peaked out with the weight of the subprime loans crisis in the West, private equity firm Warburg Pincus struck a $110 million deal to invest in electrical equipment maker Havells India Ltd. A year later, Havells’ shares were trading at a ......

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