Warburg Pincus/Future Capital

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 the deal, Warburg will make an open offer to the existing shareholders of Future Capital and has reached an agreement to infuse Rs1 billion of primary capital through a preferential allotment in the business.

...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222