Capital First Ltd, a non-banking financial company (NBFC) majority owned by private equity firm Warburg Pincus, is raising Rs 340 crore ($51 million) from GIC, Singapore’s sovereign wealth fund, it said.
GIC, through an affiliate Caladium Investment Pvt. Ltd, will pick around 4.8% stake in the NBFC via a preferential allotment of 4.78 million shares at Rs 712.70 each, as per VCCircle estimates…………………………………….Full Article: Source