Private equity major Warburg Pincus and Bengaluru-based realty company Embassy Group have committed to invest $250 million in a joint venture, called Embassy Industrial Parks, to build industrial and warehousing space in India. While Warburg Pincus will invest $175 million, the rest will come from Embassy Group. The joint venture marks the entry of Warburg Pincus into India’s industrial and warehousing space while the Embassy Group will be entering a completely new business vertical.
Warburg Pincus, Embassy Group in $250-million JV
October 9, 2015