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Warburg Pincus holds a 39.22 percent stake in Fusion Micro Finance through its arm Honey Rose

Shares of Fusion Micro Finance fell around 2 percent in the afternoon trade on December 13 following reports the private equity firm Warburg Pincus was looking to pare stake in the company through a block deal.

At 1.02 pm, Fusion Micro Finance was trading 1.6 percent lower at Rs 557.50 on the NSE.

CNBC-TV18 reported that Warburg Pincus would likely sell shares worth about Rs 1,000 crore in Fusion Mirco. However, both Warburg Pincus and Fusion Micro Finance refused to offer comments to CNBC-TV18’s query.

Warburg Pincus holds a 39.22 percent stake in Fusion Micro Finance through its arm Honey Rose.

Warburg Pincus has recently been on a selling spree, using the bull run in the market ushered by the results from the state elections as an opportunity to take home massive profits. The company has already offloaded stakes in Computer Age Management Services (CAMS), IDFC First Bank, and Bharti Airtel in the past week. In total, the PE firm has sold off stake in three of its portfolio stocks, offloading shares worth over Rs 5,000 crore.

Shares of Fusion Micro Finance have surged over 52 percent year-to-date, making it the perfect fit for Warburg Pincus to book profits off.

AI legalese decoder can provide insights into the legal implications of Warburg Pincus reducing its stake in Fusion Micro Finance. It can analyze the potential impact on Fusion Micro Finance’s business operations, investor relations, and compliance with regulatory requirements. The AI tool can help stakeholders understand the legal and financial risks associated with such a transaction and provide recommendations on how to mitigate them. Additionally, AI legalese decoder can offer guidance on the legal and compliance considerations for similar block deals in the financial market.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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