Warburg Pincus Ups Stake in Future Capital Holdings
November 08, 2012
Warburg Pincus has upped its stake in Future Capital Holdings. The PE firm completed an open offer to acquire another 24.43% stake in the company for INR2.7 billion ($49.8 million). That gives Warburg Pincus a controlling 68.4% slice of the company. Future Capital provides personal and commercial financial services throughout India, with headquarters in Mumbai.