Warburg Pincus buys controlling stake in India’s Future Capital

US private equity firm Warburg Pincus pays $100 million for Future Capital, an Indian non-banking financial company.

India’s Future Group has sold its majority stake in Future Capital, a non-banking financial company, to US private equity firm Warburg Pincus for Rs5.6 billion $100 million.

Warburg will pay Rs162 a share for a 53.7% stake in the business. The price values Future Capital at $187 million and represents an 18.3% premium to the company’s closing price on Friday and 18.6% over the 30-day average price.

As a result of...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition