Warburg Pincus to buy India education finance business
Warburg Pincus has agreed to acquire an 80% stake in Avanse Financial Services, an India-based non-banking finance company (NBFC) focused on education.
The purchase includes a 50% stake in Avanse held by multinational conglomerate Wadhawan Global Capital (WGC) along with a 30% holding from Dewan Housing Finance (DHFL), an Indian mortgage lender owned...
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