India: PE major Warburg Pincus plans to list Lemon Tree Hotels, Laurus Labs

Private equity firm Warburg Pincus has initiated the initial share sale process at two of its portfolio companies—hospitality firm Lemon Tree Hotels Ltd and drug maker Laurus Labs Pvt. Ltd, according to three people aware of the developments.

“Discussions with investment banks have been initiated at both the firms,” said one of the three people cited above, requesting anonymity, as he is not authorized to speak to reporters.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter