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Capital First which is the Warburg Pincus backed non-banking finance firm, has said that its promoter Cloverdell Investment has sold 25 percent stake in the company.
The company has said in a statement that “As part of this transaction, GIC, a Sovereign Wealth Fund established by the Government of Singapore, has acquired incremental 8.93 percent stake in Capital First Limited taking GIC’s total shareholding in Capital First Limited to 13.91 percent.”
It added that Cloverdell Investment continues to be the promoter of the company with 36 percent stake in Capital First.
