Warburg Pincus Pays $101M For 53% Stake In Indian Lender

Law360, New York (June 4, 2012, 3:34 PM EDT) -- New York private equity giant Warburg Pincus LLC has acquired a majority stake in Indian lender Future Capital Holdings Ltd. from Pantaloon Retail India Ltd. for $101.4 million, Warburg Pincus said Monday.

The private fund firm said that Pantaloon and wholly owned subsidiary Future Value Retail Ltd. had agreed to sell a 53.67 percent stake in the nonbank lender to a Warburg Pincus affiliate for roughly $2.91 per Future Capital share.

Warburg Pincus will also provide Future Capital with roughly $18 million in primary capital in...
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