Warburg Pincus to sell 3.5% stake in Apollo Tyres
White Iris Investment, a subsidiary of Warburg Pincus, will sell a 3.5% stake in Apollo Tyres on Wednesday through a block deal to raise Rs 1,040 crore ($ 125 mn), said sources. The deal size is 2.24 crore shares. The block deal will likely happen at Rs 463.00 per equity share (3.97% discount to Rs…