Warburg eyes 30% stake in Vistaar Finance

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According to the two sources, Warburg is in talks with Vistaar about acquiring a 30% interest in the shadow lender. According to one of the sources, the deal is nearing completion and will value Vistaar at over $450 million.

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According to credit rating service ICRA, Vistaar's net profit for the fiscal year ending March 2022 was $9.3 million, up 14.5% from the previous year. During that time, its total revenue was $54 million.

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[{"selector":"#anim-a0531862-2334-401e-ae9e-ab38b65b5d4f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.66789589340447%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Warburg has spent more than $5 billion in India during the last two decades. Its recent investments have included earphone manufacturer boAt, cosmetics and makeup business Good Glamm Group, and ride-hailing service Ola. Avanse Financial Services and Fusion Microfinance are two of Warburg's NBFC investments in India.

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