Deal Street

May 18, 2020

AZB & Partners act for Warburg Pincus in selling the stake in Laurus Labs

[ by Legal Era News Network ]


Bluewater Investment Ltd, an affiliate of Warburg Pincus, LLC sold shares worth approximately USD 49.67 million (Rs. 3.75 Billion) in Laurus Labs through open market transactions. Bluewater Investment offloaded 85 lakh scrips at the rate of Rs. 441.26 per scrip.

Vaidhyanadhan Iyer (Partner) of AZB & Partners worked on the deal.

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