Warburg to unlock $300-M by diluting stake in DHFL group co Avanse

Three years after acquiring Avanse Financial Services, the education financing arm of Wadhawan Global Capital and its group company Dewan Housing Finance Ltd (DHFL), private equity fund Warburg Pincus plans to sells a 25-30% stake to potential investors to raise INR 1,950-2,500 crore. Warburg owns about 80% stake in Avanse. International Finance Corporation (IFC) owns remaining 20% stake in the non-banking finance company.