Reuters: Deals: Warburg Pincus invests in India's Au Financiers

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Warburg Pincus invests in India's Au Financiers Mar 12th 2012, 06:18 MUMBAI | Mon Mar 12, 2012 2:18am EDT MUMBAI (Reuters) - U.S. private equity firm Warburg Pincus WP.UL and International Finance Corp, an arm of World Bank, have jointly invested $50 million in Indian non-banking finance company, Au Financiers (India) Pvt Ltd. The investment will be primarily used to fund future growth of the company, Au Financiers said in a statement. IFC, which is an existing investor, will maintain its stake in the company at the current level post the fund infusion, it said. Au Financiers, which provides secured loan products, has 150 branches across 7 states in western and central India.

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