Major private equity firm Warburg Pincus said on Monday that it would buy the majority of Vistaar Finance, an NBFC that provides loans to MSMEs in India.
WestBridge Capital, Elevar Equity, Omidyar Network India, and Saama Capital are among the departing shareholders. The size of the transaction is unknown.
This Transaction’s sole financial advisor is Kotak Investment Banking.
Brahmanand Hegde and Ramakrishna Nishtala, two seasoned professionals in the financial services industry, formed Vistaar Finance. More than Rs2,600 crore is managed by Vistaar Finance.
With 205 branches and more than 2,100 workers, Bengaluru-based Vistaar Finance began operations in 2010 and offers secured loans to micro, small, and medium-sized firms in 12 states.
The organization targets small enterprises including stores, small manufacturing units, power looms, kirana/general shops, and home-based sectors that lack access to organized capital for expansion and offer 100% secured lending across ticket size categories through business and housing loans.
More than $85 billion in assets are being managed by Warburg Pincus LLC.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.