Future Capital Holdings is trading higher by 6% to Rs 145 in otherwise weak market 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 Rs 144 on the National Stock Exchange.
