The tightly priced transaction is well received and is expected to encourage other financial sponsors to take profits as the Indian stock market recovers.
The head of financial sponsor coverage for Asia resigns and will not be replaced; Credit Suisse appoints two directors to run the business, reporting to Joe Gallagher.
The $840 million deal marks Permira's first direct investment in non-Japan Asia, but more are likely to follow as the firm plans to open an office in Hong Kong.