Warburg seizes stake in NBFC

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India’s Future Group announced that it will divest its 53.67% stake in Future Capital Holdings to Warburg Pincus, a private equity firm.

Future Group operates some of India’s major retail chains through its flagship operation, Pantaloon Retail India.

Future Capital Holdings, a wholly owned subsidiary of Pantaloon Retail, is a non-banking financial company which provides loans to micro, small and medium-sized enterprises.

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