Reuters: Mergers News: Warburg Pincus to buy India's Future Capital-source

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Warburg Pincus to buy India's Future Capital-source Jun 4th 2012, 07:16 MUMBAI, June 4 | Mon Jun 4, 2012 3:16am EDT MUMBAI, June 4 (Reuters) - U.S. private equity firm Warburg Pincus LLC has agreed to buy a controlling stake in Indian financial services company Future Capital Holdings for 5.5 billion rupees ($98.8 million), a source with direct knowledge said on Monday. Warburg will pay 162 rupees per share, an 18 percent premium to Future Capital's Friday closing price, for a 53.7 percent stake. Future Capital, which is currently controlled by Pantaloon Retail, is a non-banking finance company that gives consumer and mortgage loans and has a market capitalisation of $158.4 million.

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