Future Capital Holdings rose over 8% and touched the day’s high of Rs148.25 on the BSE, ahead of the board meeting today to decide on the valuation for divestment of the entire promoter stake of 56.30% stake to Warburg Pincus.
“US-based private equity firm Warburg Pincus is likely to pick up a majority stake in financial services firm Future Capital Holdings for an estimated Rs 600 crore,” the report suggests.
Currently Pantaloon Retail is the promoter group firm and holds 56.30% stake in Future Capital Holdings. The remaining is with the public.
A combined around 150,000 shares have changed hands on the counter in morning trades on both the exchanges. Pantaloon Retail on the other hand too, trading higher by 4% at Rs144 on the National Stock Exchange.
....more info
“US-based private equity firm Warburg Pincus is likely to pick up a majority stake in financial services firm Future Capital Holdings for an estimated Rs 600 crore,” the report suggests.
Currently Pantaloon Retail is the promoter group firm and holds 56.30% stake in Future Capital Holdings. The remaining is with the public.
A combined around 150,000 shares have changed hands on the counter in morning trades on both the exchanges. Pantaloon Retail on the other hand too, trading higher by 4% at Rs144 on the National Stock Exchange.
....more info