SENSEX NIFTY
Home » News » CNBC-TV18 Comments
May 25, 2012, 06.20 PM IST | Source: CNBC-TV18

Warburg Pincus to ink Future Cap buy at Friday meet

CNBC-TV18’s Kritika Saxena reports, quoting sources, that the board of Warburg Pincus is likely to have given its approval for the purchase of Future Capital.

The Future Capital sale is in its final stages. CNBC-TV18's Kritika Saxena reports, quoting sources, that the board of Warburg Pincus is likely to have given its approval for the purchase of Future Capital.

Warburg Pincus has given its official approval for this particular deal. According to sources, the document containing the terms is ready, the final details of the valuations and the contours of the details are ready and only needs to be signed.

Also watch the accompanying video

The document confirming the sale is to be signed at an important meeting on Friday to be attended by the Future Capital management, Pantaloon promoters and key Warburg Pincus executives from India and the global board at Warburg Pincus..

The deal has been valued at Rs  160-175 per share, but the final and exact price is awaited.

This deal has been triggered by an open offer and will a first-of its-first investment for Warburg Pincus which usually engages in minority or 5-6% investment.

Set email alert for

ADS BY GOOGLE

video of the day

Rupee weakness modest, see yields at 7.60% in Q1: Deutsche

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.