Industry

Warburg Pincus arm to invest in Capital First

Capital First, a non-deposit taking NBFC focused on financing MSMEs, has announced that it is raising fresh equity capital of Rs.178 crore by allotting 83.6 lakh shares to Cloverdell Investment, an affiliate of Warburg Pincus, and 32.5 lakh shares to HDFC Standard Life Insurance on a preferential basis.

Post this transaction, the total Tier-1 capital of the company on a consolidated basis will increase to Rs.1,298 crore.

The total capital of the company, including Tier-1 and Tier-2 capital will increase to Rs.1,791 crore, the company said in a release.

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Printable version | Apr 2, 2020 10:11:57 AM | https://www.thehindu.com/business/Industry/warburg-pincus-arm-to-invest-in-capital-first/article5750702.ece

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