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While the exact stake that the New York-based firm is going to acquire was not mentioned in the statement released by the company, it was shared that Kotak Investment Banking is going to be the exclusive financial advisor for this deal.
New York-headquartered private equity firm Warburg Pincus is acquiring a majority stake in Vistaar Finance
The acquisition will give an exit to WestBridge Capital, Elevar Equity, Omidyar, and Saama Capital.
WestBridge Capital, Elevar Equity, Omidyar Network India, and Saama Capital are among the departing shareholders. The size of the transaction is unknown.
The rural lender is seeking to raise funding to expand operations in the country.