Warburg Pincus, IFC commit $50m to Au Financiers
Warburg Pincus and International Finance Corp. (IFC) have jointly invested $50 million in Au Financiers, an Indian non-banking finance company. IFC’s participation means its stake in the company will remain the same, while Motilal Oswal Private Equity, one of the other early investors in the company, is making a partial exit.
Reports of the deal first emerged last month. Prior to that, The Carlyle Group and Warbug Pincus were both said to be in talks with the company about further funding. Jaipur-based Au Financiers is majority-owned...
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