Warburg Pincus, IFC infuse more funds in education focussed NBFC portfolio1 min read 21 Sep 2022, 04:26 PM IST
The transaction values Avanse Financial Services at nearly ₹1,450 crore. The equity raised will enable Avanse to strengthen its balance sheet and capital adequacy ratio.
NEW DELHI: Avanse Financial Services Ltd. , an education-focused non-banking financial company (NBFC), has raised ₹390 crore, or about $48.7 million, from its existing backers US-based buyout fund Warburg Pincus and IFC, the private investment arm of the World Bank.
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