Aiming expansion in the Indian financial services space, the US largest PE firm - Warburg Pincus has decided to purchase stake in Future Capital Holdings (FCH). The infusion of equity in FCH will aid to cut the debts of Pantaloons Retail India, which holds majority stake in the former. The board of FCH will be deciding today on the valuation of the divestment of entire promoters’ stake to Warburg Pincus. This news has surged the stock by around 7-8% amid the sluggish equity markets.
Future Capital Holdings is currently trading at Rs. 147.90, up by 10.90 points or 7.96% from its previous closing of Rs. 137.00 on the BSE.
The scrip opened at Rs. 140.55 and has touched a high and low of Rs. 149.95 and Rs. 139.50 respectively. So far 837898 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.00 on 29-Jul-2011 and a 52 week low of Rs. 101.60 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 149.95 and Rs. 136.10 respectively. The current market cap of the company is Rs. 954.16 crore.
The promoters holding in the company stood at 56.30% while Institutions and Non-Institutions held 4.61% and 39.10% respectively.
Company Name | CMP |
---|---|
Bajaj Finance | 6702.50 |
Shriram Finance | 2352.85 |
Aditya Birla Capital | 223.85 |
SBI Cards AndPayment | 692.15 |
Chola Invest & Fin. | 1238.00 |
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