India: Warburg Pincus-backed Continental Warehousing plans IPO to raise $150m

Visual from Mint.

Warburg Pincus-backed logistics firm Continental Warehousing Corporation (Nhava Seva) Ltd is planning an initial public offering (IPO) to raise as much as Rs.1,000 crore, according to two persons aware of the development.

The IPO will be a mix of primary capital-raising and a partial stake sale by Warburg, which invested $100 million in the company in 2011, said one of the two persons, requesting anonymity as he is not authorized to speak to the media.

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