Warburg Pincus and Kedaara Capital Partially Exit AU Small Finance Bank (Asia)
Source(s): Bombay Stock Exchange, VCCircle | Author(s): Ankit Doshi
Private equity fund managers Warburg Pincus and Kedaara Capital have partially exited India-listed AU Small Finance Bank. Warburg sold an 8.3 percent stake for INR15.3 billion (approximately US$223 million), reportedly generating a 15x multiple, while Kedaara sold a 1 percent stake for INR1.8 billion (approximately US$27 million), reportedly generating a 7x multiple. Warburg and Kedaara originally invested in AU Small Finance Bank in 2012 and 2014, respectively.