Reuters: Private Equity: Warburg Pincus to buy India's Future Capital-source

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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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