Warburg Pincus exits electrical equipment maker Havells, makes 2.5x returns

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Private equity major Warburg Pincus has exited electrical equipment company Havells India Ltd at approximately 2.5x returns, according to VCCircle estimates. The PE sold a 8.35 per cent stake in the market on Thursday for Rs 730 crore ($130 million), completing its exit from the nearly six-year old investment.The exit comes on the backdrop ......