ChrysCapital buys 10% stake in NBFC Au Financiers
ChrysCapital Partners has purchased a 10% stake in Indian non-banking financial company Au Financiers for INR1.2 billion ($22.2 million). The investment facilitates another partial exit for Motilal Oswal Private Equity, which sold a portion of its holding last March when Warburg Pincus and International Finance Corporation (IFC) committed $50 million to the company.
Sanjay Agarwal, managing director and founder of Au Financiers, confirmed ChrysCapital's investment to The Economic Times. It values the company at INR12 billion, 50% more than when Warburg Pincus and...
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