CNBC-TV18 reported it first, and now it's official! Warburg Pincus will acquire up to 70% in Future Capital. CNBC-TV18's Sajeet Manghat and Kritika Saxena report Warburg will be shelling out close to Rs 1,050 crore in all.
Warburg Pincus will buy 53.67% stake in Future Capital Holdings from Future Group in 2 tranches. They will buy minimum of 40% stake in the company from Future Group and infuse Rs 100 crore equity into Future Capital, reports CNBC-TV18.
Brickwork Ratings reaffirms “BWR A+” for Future Capital Holdings Limited’s Non-convertible Debenture (NCD) issue of Rs 300 crores, Non-Convertible Debenture Issue of Rs 250 Crores and unsecured subordinated Debt Issue of Rs 200 Cr.