Avanse Financial Services

Hit by US visa policies, education-loan NBFCs see growth slowdown, deferred IPOs

To offset the slowdown, lenders are increasingly betting on other international markets such as the UK, Australia and parts of Europe, while also exploring newer destinations to sustain growth momentum

Avanse Financial Services raises Rs 1,200 crore via rights issue

This capital raise underscores strong shareholder confidence and Avanse's disciplined approach to building a diversified funding base, aligned to its strategy to raise capital in a calibrated manner

After dropping IPO plan, Warburg, Mubadala-backed NBFC Avanse plans $152-mn rights issue

Avanse is the second-largest NBFC in the education loan segment with expertise in the overseas education loan segment.

IPO-bound Avanse, backed by Warburg Pincus, raises Rs 1,000 crore in funding round led by Mubadala

'The growth capital will enable us to strengthen our brand proposition, integrate digital solutions, and innovate to build more depth into our product range,' says Amit Gainda, MD & CEO, Avanse Financial Services.

Warburg Pincus-backed NBFC Avanse taps 6 bankers to launch Rs 4,000-cr IPO 

In March 2019, Warburg Pincus entered into definitive agreements to acquire an 80 percent equity stake in Avanse Financial Services held by Wadhavan Global Capital group

IPO-bound NBFC Avanse, backed by Warburg Pincus, seeks fresh Rs 1,000-cr fund raise

In March 2019, Warburg Pincus entered into definitive agreements to acquire an 80 percent equity stake in Avanse Financial Services held by Wadhavan Global Capital group