Mumbai: Shares of Future Capital Holdings surged 8.3%, heading to their highest single day percentage gain since 30 April, as US private equity firm Warburg Pincus LLC is set to buy a majority holding in the company for $100-$125 million from Pantaloon Retail India.
Future Capital shares last traded at Rs 148.25, below the reported offer price, ahead of its board meeting later in the day to approve the transaction. Shares of Pantaloon Retail are up 4%.
