Warburg Pincus to Invest in Billionaire Adani’s Port Business
Photographer: Sam Panthaky/AFP/Getty Images
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Private equity firm Warburg Pincus LLC will invest in billionaire Gautam Adani’s port business just as the tycoon grabs 30% market share in the industry in India.
Warburg will invest 8 billion rupees ($110 million) for a 0.49% stake in Adani Ports and Special Economic Zones Ltd., the Indian company said in an exchange filing on Sunday.