Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Opinion / Online-views/  Future Capital surges on Warburg Pincus buy
BackBack

Future Capital surges on Warburg Pincus buy

Reuters

Future Capital surges on Warburg Pincus buy

Premium


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 ₹ 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%.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 04 Jun 2012, 11:13 AM IST
Next Story footLogo
Recommended For You

Wait for it…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

You are just one step away from creating your watchlist!

Login Now

Wait for it…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Your session has expired, please login again.

Yes, Continue
Switch to the Mint app for fast and personalized news - Get App