Global private equity firm Warburg Pincus has begun exiting its holding in Indian electrical equipment company Havells India. Warburg, which held a 14 percent equity stake in Havells, sold 7 million shares (5.6 percent of Havells’s total equity) on the Bombay Stock Exchange for INR4.55 billion (approximately US$85.5 million). The sale was executed through Warburg’s subsidiary Seacrest Investments.