Warburg Pincus raises stake in Amtek India

Newswire

MUMBAI, Dec 26 (Reuters) - Private equity firm Warburg Pincus has raised its stake in auto parts firm Amtek India Ltd to nearly 9.5 percent, sending the latter's shares up, two sources close to the deal said on Wednesday. In a block deal on the Bombay Stock Exchange (BSE), Warburg bought 2.92 million shares, or 2.8 percent of the outstanding shares, for 204 rupees, the day's high, a company source and a trader said. "They have indicated that they have raised their stake," an Amtek ...

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