The deal was executed through Melany Holdings and Madison Holdings.
The buyers of the shares were The Genesis Group Trust For Employee Benefit Plan which purchased 6.6 million shares and The Genesis Emerging Markets Investment Company which bought around 7.07 million shares.
In 2004, the PE firm first invested in the bank and initially held 2.24% stake in the bank bought for INR750m ($m) and in 2005, the firm increased its stake to nearly 10% in Kotak Mahindra Bank.
In March 2011, Warburg Pincus held approximately 9.28% stake in the bank and later disposed nearly 2.28% stake in the bank between June and July 2011 and in October 2011, the investor again sold about 1% stake in the bank.
Apart from the latest sale, Warburg sold its investments in DB Corp, Max Healthcare, and Vaibhav Gems last year, as reported by The Hindu.
