Warburg-Backed Avanse Financial Shelves IPO, Plans ₹1,374 Cr Rights Issue To Existing Investors
Mumbai-based education finance non-banking financial company (NBFC) Avanse Financial Services, backed by global investors Warburg Pincus, Kedaara Capital, and Mubadala, is preparing to raise INR 1,374 crore (~USD 152 million) through a rights issue to existing shareholders. The move comes in the wake of the company’s decision to shelve its initial public offering (IPO) amid […]





