Published Jun 05 2012 by Topnews.in


Future Group to sell its stake in Future Capital

Promoter, Future Group is planning to sell its entire stake in Future Capital Holdings to Warburg Pincus, a private equity firm based in the US.

Warburg Pincus LLC is likely to acquire a majority stake in Future Capital form Pantaloon Retail India in a deal valued between $100 and $125 million. Warburg Pincus is expected to pay between Rs. 165 and 170 per share, according sources...

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