Warburg Pincus, a US-based multinational private equity firm, has sold all of its 2.49% share in Indian multiplex juggernaut PVR through an associate in a block sale on Monday. traded for more than 380 crores. Nonetheless, big domestic mutual funds were among the buyers of PVR on the open market.
Berry Creek Investments, which is backed by Warburg, sold 24,39,301 equity shares in PVR on the BSE for a total of Rs. 380.37 crore. This will be the entirety of his 2.49% ownership in the Ajay Bijli-led business.
Berry Creek left PVR, although domestic mutual funds continued to invest there. 1,469,650 equity shares in PVR 1,559.35 apiece are being purchased in the lead by SBI Mutual Fund for a total of 229.17 crore.