Capital First shares dip by 4 per cent over Warbug Pincus stake sell-off
DSIJ Intelligence / 17 May 2017
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The stocks of Capital First, India’s financial major, dipped by nearly 4 per cent intraday on May 17, 2017, as the news of Warbug Pincus selling about 20 per cent of its 61 per cent stake in the company, amounting to about 20 million equity shares, surfaced in the market.
The stocks of Capital First, India’s financial major, dipped by nearly 4 per cent intraday on May 17, 2017, as the news of Warbug Pincus selling about 20 per cent of its 61 per cent stake in the company, amounting to about 20 million equity shares, surfaced in the market.
The company announced in a BSE filing that Cloverdell Investment, an affiliate of Warburg Pincus group is seeking to sell up to 20 million equity shares of its total stakes in the company.
The financial major provides debt financing to MSMEs and individuals besides providing small-ticket loans to various under-explored segments of the economy.
The stock opened at Rs 751, hitting the intraday low at 11:30 hrs IST, plunging by nearly 4 per cent at Rs 734 on the BSE, on May 17, 2017. At 12:00 hrs IST the stock traded at Rs 739.75, down by 3.39 per cent on the BSE.
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