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Future Capital Stake of Pantaloon to be sold to Warburg Pincus For Rs. 560 Crore

The Future Group will be selling its stake in Future Capital holding to a US-based equity to raise an amount of Rs 560 crore. This US Company is the Warburg Pincus. The business format of the Future Group includes Food Bazaar, Big Bazaar and Pantaloon. Though somehow successful, it still has a debt of over Rs 5,000 crore.

Pantaloons Logo

Pantaloons

For the record, the Pantaloon retail holds about 55 per cent of stake in Future Capital. This retail had also formed a review committee to look into some major realignment and divestments. As part of the plan, the Pantaloon retail needs to sell its stake in FCH at a price of Rs 162 per share.

Future Group Logo

Future Group Logo

The agreement for this had already been signed by parties involved. Still, the company will be headed by V Vaidyanathan, who is currently the Vice Chairman and Managing Director of the company. The roles of the director would surely provide a big impact in the continued development of their company.

Warburg Pincus Logo

Warburg Pincus Logo

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