Warburg to unlock $250-300 million by diluting its stake in Avanse

Warburg owns about 80% stake in Avanse. World Bank's arm International Finance Corporation (IFC) owns remaining 20% stake in the non banking finance company. Avendus has been appointed by Warburg Pincus to find potential suitors. A formal process is expected in the coming weeks.

from Banking/Finance-Industry-Economic Times https://ift.tt/2HX8xFR