In a bid to take advantage of a five-fold jump in share price, PE giant Warburg Pincus is reportedly planning to sell 10% stake in Capital First. The PE giant, which has invested about Rs 790 crore in Capital First in multiple rounds since 2012, is expecting to raise about Rs 712 crore through the share sale. Warburg bought the shares at Rs 162 apiece. Warburg owned 61.1% in Capital First as on December 31, 2016, its corporate presentation showed. The company recorded a net profit of Rs 61.4 crore with a net interest income of Rs 333.3 crore.
Capital First is an MSME and consumer financing company which provides debt financing to these segments and also offers home loans, two wheeler loans and durable loans to entry and mid-level salaried employees of corporates.