People aware of the matter said the exclusivity period is currently on and that a formal announcement is expected in the coming weeks. The plan is for the Mittal-Warburg consortium to acquire a 49 percent stake, with Haier retaining another 49 percent and employees holding the remaining 2 percent.
Investment bank Barclays has been roped in as an advisor to find a buyer for the PE major’s 26 per cent stake
The company manages over Rs 5,000 crores in AUM with a capital adequacy ratio exceeding 50%
Orange Clove Investments BV, a Warburg Pincus entity holds 10.64 per cent in the firm. Private equity firm True North and Aether Mauritius Ltd fall in the promoter category of Home First Finance
While Currant Sea’s board nominee has not yet been disclosed, this marks a significant change in shareholder sentiment from May 2025, when a similar resolution was voted down.
Premji Invest and New York-based Warburg Pincus agreed to buy 16.01% and 9.99% of SBI General Insurance, respectively, in 2019 from Insurance Australia Group Ltd. in a transaction that was completed in 2020.
Haier India initiated its commercial operations in January 2004 and is a 100 percent subsidiary of Qingdao, China-headquartered Haier Group, one of the fastest-growing consumer durables companies in the world
On Monday, IDFC First Bank disclosed the results of the postal ballot to the stock exchanges, showing that only 64.10 percent of the shareholders were in favour of the resolution, while 35.90 percent votes were against it. Under Company Law, a special resolution is passed if the proposal gets at least 75 per cent of votes in favour of it.
However, sources say that Creation Investments, another stakeholder in Fusion, is hesitant to fully back the initiative.
On January 30, Kalyan Jewellers also announced the reappointment of former Comptroller and Auditor General of India, Vinod Rai, as Chairman of its Board of Directors
Letting go of the Sriram Housing Finance brand is as much of an emotional trauma for us as is the excitement of becoming TruHome Finance, Subramanian said.
Both Shriram Housing Finance and Home First Finance are non-bank lenders with a focus on affordable housing. Shares of Home First Finance are publicly traded, while Shriram Housing Finance remains unlisted.
Kalyanaraman picked up 2.36 percent stake from Warburg Pincus, while the remaining 6.81 percent stake was sold to public market institutional investors.
Shriram Finance Limited (SFL), in its board meeting on May 13 said that it has approved the sale of its housing finance subsidiary Shriram Housing Finance Limited (SHFL) to Warburg Pincus.
Ebco's promoters will retain a significant minority stake the company and will be actively involved in the future growth of the business, it said.
Reports suggested that Warburg Pincus arm, White Iris Investment, was eyeing to sell 3.5 percent stake in Apollo Tyres.
Affordable housing market’s share in total housing loans has shrunk over the years and financiers to this segment have seen tepid growth in assets under management. That said, non-housing loans have been a big growth driver for them
On May 13, the board of Shriram Finance approved the sale of its housing finance subsidiary Shriram Housing Finance Limited (SHFL) to Warburg Pincus. Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment Ltd from all the sellers.
Shriram Finance said on May 13 it will sell its entire stake in Shriram Housing Finance to US private equity firm Warburg Pincus in a deal valued at Rs 4,630 crore
Ostawal leads the investment advisory activities of Warburg Pincus in India and joined the firm in 2007
Revankar said the deal is expected to get completed by the end of this financial year.
On December 15, Moneycontrol reported that Shriram Finance is revisiting options to unlock value in Shriram Housing Finance Ltd and has launched a process to sell a controlling stake in the subsidiary.
In an interview with Moneycontrol, Darpan Sanghvi talks about the legal notice, IPO plans for 2025, turning profitable, organisational restructuring, global expansion strategy and more.
The Mumbai-based growth tech-focused fund has received commitments from Amansa Capital’s Akash Prakash, who is the largest Limited Partner (LP), besides global and Indian institutional investors and family offices such as HDFC Fund of Funds, SIDBI, SRI Fund, Oister Global, DSP family office, Harsh Jain, CEO of Dream11.
'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.