Cloverdell Investment, an affiliate of Warburg Pincus group and Promoter of the Capital First has proposed to sell additional 4.3 million equity shares (approx 5% of total share capital) held by them in the company. This will result in total sale of shares proposed by Cloverdell amounting to 25% of the total share capital of the company. Earlier, Cloverdell has proposed to sell up to 20 million equity shares held by them in the company.
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.
