Financial Daily from THE HINDU group of publications
Friday, Apr 23, 2004
Financial Daily from THE HINDU group of publications Friday, Apr 23, 2004 |
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Foreign Institutional Investors Markets - People Warburg relocates top brass to India Our Bureau
Mumbai , April 22 PRIVATE equity firm Warburg Pincus, which has about $700 million invested in India, is relocating several of its senior executives from its Singapore office to Mumbai, according to the May issue of Asia Private Equity Review. According to a source, two officials, Mr Rajesh Khanna and Mr Pulak Prasad, who are already heading the Indian operations from Singapore, will now move to India. Warburg is so far the largest foreign private equity investor in the country with big investments in telecom services provider Bharti Tele-Ventures, cement maker Gujarat Ambuja, and reusable compact disc maker Moser Baer. The firm, which has global investments of over $10 billion, recently raised its holding in Moser Baer from 23 per cent to 35 per cent, pumping in about Rs 675 crore.
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