Warburg owns about 80% stake in Avanse. World Bank's arm International Finance Corporation (IFC) owns remaining 20% stake in the non banking finance company. Avendus has been appointed by Warburg Pincus to find potential suitors. A formal process is expected in the coming weeks.source https://economictimes.indiatimes.com/industry/banking/finance/warburg-to-unlock-250-300-million-by-diluting-its-stake-in-avanse/articleshow/93463419.cms
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